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  • Talanx, one of three major P&C insurance IPOs slated for this autumn, has withdrawn its flotation plans because of a lack of investor support
  • Ace has continued its strategy of bolt-on acquisitions in emerging economies by agreeing to acquire Mexican surety insurer Fianzas Monterrey for $285mn.
  • Chaucer will cease to offer turnkey services to the Lloyd's market in the first half of 2013 when Torus, its final client, sets up its own managing agent, The Insurance Insider can reveal.
  • Lloyd's is taking a measured approach to expanding into emerging markets and will not "chase business", the Corporation's CEO Richard Ward told The Insurance Insider
  • Reinsurance heads have voiced strong concern about the bleak economic situation in Europe and the impact that a break-up of the currency and prolonged recession could have on the sector
  • Zurich Insurance Group has whittled down the potential buyers of its Eagle Star portfolio to two potential buyers, Bermudian Enstar and Fairfax Financial-backed legacy buyer RiverStone, The Insurance Insider understands.
  • American International Group (AIG) has had the outlook on its A- rating downgraded to negative by Standard & Poor's (S&P) after the US Treasury sold $18bn of the company's stock.
  • French insurer Covea's property catastrophe programme is set to renew with terms broadly flat on 1 October, offering evidence that reinsurers talking up rate increases at 1 January may be disappointed
  • Reinsurers on the top layers of cat programmes that were hit by last year's record international losses are continuing to reshape their participation and re-evaluate their minimum rate-on-line (RoL) thresholds.
  • The US Treasury has successfully sold $18bn of American International Group (AIG) shares in one of the largest secondary share offerings in history.