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  • Troubled Lloyd's carrier Omega has been approached by acquisitive run-off player Catalina Holdings, as revealed in the latest issue of The Insurance Insider
  • FM Global ceded $1.48bn of losses to its reinsurers last year as a record cat burden that included heavy international losses drove the property insurance giant to a combined ratio of 121 percent and a net loss of $41.5mn.
  • Broker BMS Group is on the search for a new chairman after veteran Hugo Crawley stepped down from the position.
  • Insurance services provider Charles Taylor Consulting (CTC) has reported a £6.4mn profit for 2011 and confirmed it will no longer be seeking to buy non-life legacy business.
  • Tawa's investment in its services business during 2011 should be considered a successful year of investment despite a big accounting loss, according to the company's CEO Gilles Erulin.
  • ANV's proposed acquisition of Flagstone's Lloyd's operations includes the prior-year liabilities of Syndicate 1861, The Insurance Insider understands.
  • Hardy Underwriting, which last week confirmed a takeover deal with CNA Financial, is set to take a $25mn gross loss on one of the largest direct and facultative (D&F) losses to stem from last year's Thai flooding, sister title Inside FAC revealed last week.
  • The US Securities and Exchange Commission (SEC) has filed a subpoena enforcement action against Wells Fargo after the US bank failed to produce all documents relating to a $60bn fraud probe.
  • Washington Mutual Inc (WMI) is suing its directors' and officers' (D&O) insurers in an attempt to recover up to $265mn underwritten by a group led by XL Specialty and Chartis subsidiary National Union Fire Insurance (NUFI).
  • The Financial Services Authority (FSA)'s stringent liquidity demands on larger UK insurance brokers has spurred the development of a new insolvency risk insurance product, according to accountancy firm Littlejohn.