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  • Allied World Assurance Company has concluded a fourth deal in as many months as it continues to build out its Allied World Financial Services (AWFS) platform by entering an investment tie-up with Crescent Capital Group.
  • Veteran senior broking executive Steve Matanle has resigned from THB, The Insurance Insider can reveal.
  • Guy Carpenter's M&A advisory arm GC Securities will find a space in the crowded corporate advisory market for specialty insurance due to the advantages of being part of a leading reinsurance broker, claims unit head Des Potter
  • The bushfires that have torn through Tasmania in the past week have caused losses of around A$49mn ($51.8mn), according to preliminary estimates from the Insurance Council of Australia (ICA).
  • AlphaCat Managers, the investment advisory arm for Bermudian reinsurer Validus, has raised an additional $404.4mn of third-party capital for investment in a new sidecar and, for the first time, insurance-linked securities (ILS)
  • American International Group (AIG) will not join a lawsuit against the US government filed by its former CEO Hank Greenberg that alleges the terms the US insurer's 2008 bailout were unfair.
  • Asia Pacific reinsurance start-up Peak Re was met with "overwhelming demand" when the $550mn entity started underwriting ahead of the 1.1 renewals, its founders told The Insurance Insider.
  • John Pilkington has reemerged at Ascot Underwriting to spearhead a new casualty book at the Lloyd's (re)insurer.
  • UK insurer Aviva has completed the sale of its remaining interest in Netherlands-based insurance company and bank Delta Lloyd as the firm continues to restructure its operations.
  • Rating agency Fitch has predicted that insured losses from Hurricane Sandy will cost the industry $20bn or more, based on the $16bn-$17bn loss estimates that have been reported by (re)insurance companies so far.