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  • Allied World Assurance Company has sued Hannover Re for $19mn after claiming that it breached two facultative reinsurance agreements, a court filing has shown.
  • AM Best has downgraded ACS (New Zealand), formerly Ansvar Insurance Limited, following the firm's separation from its parent company Ecclesiastical Group, a UK church and charity mutual
  • Moody's has stripped Generali of its A1 insurance financial strength rating and downgraded it three notches to Baa1 with a negative outlook. The French and German subsidiaries of the Italian powerhouse also experienced rating cuts.
  • AmTrust's agreement to acquire Doré & Associates Holdings Ltd (DAHL) still leaves it short of satisfying the specialty insurer's quest for a risk-bearing Lloyd's business
  • Less than a year after stepping down as the chairman of Lloyd's, Lord Peter Levene is to join Starr International Company, the P&C insurance group led by Maurice ‘Hank' Greenberg.
  • RSA will take a net loss from adverse UK weather conditions in June and July to date of roughly £50mn across its UK household, motor and commercial property portfolios
  • Last month\'s Waldo Canyon Fire ranks as the most costly in terms of insured losses in Colorado history with 4,300 claims already filed for $352.6mn with personal lines insurers alone.
  • Last month's Waldo Canyon Fire ranks as the most costly in terms of insured losses in Colorado history with 4,300 claims already filed for $352.6mn with personal lines insurers alone.
  • American International Group (AIG) has been repaid $5bn in equity that it placed into a bailout fund set up to rescue the insurer during the nadir of the financial crisis in 2008
  • A "profound" change in the underlying dynamics of the global (re)insurance sector means that markets should reconsider their approach to investing in London (re)insurers, according to stockbroker Peel Hunt