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  • Improving pricing in non-catastrophe lines would prove the value of Amlin's diversification strategy and enable the Lloyd's (re)insurer to take on more cat risk and grow profitably, the company's senior management has said.
  • Up-for-sale run-off acquirer and (re)insurance services provider Tawa reminded potential suitors that it remains a work-in-progress after reporting a first-half loss of $6.5mn
  • Crucial talks amongst European politicians and civil servants to clear the way for the implementation of the regulatory regime Solvency II appear to have failed, making the scheduled 1 January 2014 start date increasingly unrealistic.
  • Argo Group's US operation has priced a $125mn offering of five-year debt at a 6.5 percent coupon, the company announced
  • White Mountains is suing Allstate for allegedly lowering the final purchase price for Esurance inappropriately when the firm was sold to Allstate in mid-2011.
  • Lloyd's and international (re)insurer Beazley Group has closed its 5.375 percent UK retail bond at the top end of its expected £50mn-£75mn range, reflecting strong investor interest in the issue.
  • Ryan Specialty Group (RSG) has announced the acquisition of UK insurance services provider Direct Group for an undisclosed sum, to build on the platform of its specialist Lloyd's insurer Jubilee
  • Amlin, the highest valued firm in The Insurance Insider's universe of listed global P&C (re)insurers, has had the rating on its flagship Lloyd's Syndicate 2001 downgraded by Moody's due to its poor performance in 2011.
  • AG Doré Syndicate 2526 will write around £5mn of extended warranty business in 2013 as it picks up one of the specialisms of new parent company AmTrust.
  • Standard & Poor's (S&P) has said it will keep Italian insurer Generali and its subsidiaries on CreditWatch with negative implications on its A long term counterparty credit and insurer financial strength rating.