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  • Major US recreational boating consumer group the Boat Owners Association of The United States (BoatUS) has issued a $650mn estimate for total damage to pleasure boats due to Hurricane Sandy.
  • Technology firm Qatarlyst has been put up for sale two years after it was acquired by the Qatar Financial Centre Authority (QFCA).
  • Global insurer RSA has appointed former Deloitte chairman Martin Scicluna as its new chairman, effective from 1 January 2013.
  • Lloyd's (re)insurer Catlin has hired senior Xchanging director Glenn Brace as its new group claims director.
  • US industry loss compilation service PCS has released the results of its first survey for hurricane Sandy, putting total insured losses at $11bn, The Insurance Insider has learned.
  • People's Insurance Co (Group) of China (PICC) has secured $1.85bn in commitments from 17 cornerstone investors to underpin its imminent IPO, including support from US insurance giant American International Group (AIG).
  • Fitch has assigned a BB+ credit rating to the latest EUR1bn debt issuance of Spain-based (re)insurer Mapfre, citing an expectation that the increase in leverage would only be temporary
  • Some elements of Solvency II could be adopted between now and the new likely start date of the regulatory regime in 2016, Gabriel Bernardino, chairman of the European Insurance and Occupational Pensions Authority (Eiopa), has said.
  • The price of airline insurance is likely to hit its lowest point since 9/11 as the industry enters its two largest months for renewals, according to JLT.
  • Aviva has said that ex-AIA boss Mark Wilson will become CEO of the company on 1 January 2013.