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  • US insurer in rehabilitation The Hartford has closed the sale of three of its non-core businesses as it continues to free up capital and refocus its operations.
  • US insurer AMTrust Financial Services has bought First Nonprofit Companies (FNC) and agreed a deal to buy Mutual Insurers Holding Company (MIHC) for an undisclosed sum.
  • (Re)insurers have outperformed a wider stock market rally in trading today as investors reacted favourably after the US was pulled back from the "fiscal cliff" in a last minute deal.
  • Lloyd's will announce the renaming of Project Darwin later this month, calling time on a back office reform initiative that was in danger of becoming a political millstone within the London market.
  • (Re)insurance stocks broadly outperformed in 2012 as shares in European (re)insurers benefited from central bank interventions and US value stocks enjoyed a healthy bounce.
  • Aon Corporation's star CFO Christa Davies has explained that the firm's change of domicile to the UK in April 2012 was driven more by long-term strategy rather than by purely financial motives.
  • Supply of non-marine retrocession capacity was abundant at the 1 January renewals, with sidecars and start-up funds writing pillared retro products, according to reinsurance broker Willis Re.
  • The reinsurance programme of the International Group (IG) of protection and indemnity (P&I) clubs is facing a 40 percent price rise at its next renewal, according to global broker Willis Re's First View January renewals report.
  • Senior executives at Alterra have rights to an estimated maximum pay-out of $55mn under the terms of golden parachute arrangements in their contracts, an S-4 filing with the Securities and Exchange Commission has revealed.
  • Reinsurance prices have remained broadly stable at the 1 January renewals as the industry passed the test of Superstorm Sandy, with carriers able to differentiate by individual client, class and territory