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  • UK insurance distribution group Hyperion is conducting due diligence on independent London market broker Windsor Ltd with a view to a possible takeover
  • Broker Aon has agreed to pay $16.3mn to US regulators and prosecutors to settle a case over bribes allegedly paid in developing countries
  • Although 2011 will probably not be remembered as a year when the legacy market made hay, it has not passed without significant business being done by market participants
  • The low valuations of most quoted (re)insurers is tempting run-off acquirers that would then look to sell on the renewal rights before winding-up the business, according to Aon Benfield
  • Brit Insurance is confident that it will be able to dispose of its up-for-sale UK retail business at a premium to book towards the beginning of the second quarter, The Insurance Insider can reveal.
  • Bermudian (re)insurer White Mountains has completed a transaction to acquire the legacy portfolio of defunct reinsurer Old Lyme Insurance Company
  • After a pre-Christmas lull, the auction of Flagstone's Lloyd's business got going in earnest in the New Year, with a sales prospectus released and a deadline issued for indicative expressions of interest, it is understood.
  • Quoted (re)insurer Hardy Underwriting is issuing a prospectus to interested parties this month and will hold management meetings with the leadership of its would-be acquirers in January, The Insurance Insider understands.
  • Beleaguered Lloyd's (re)insurer Omega is no longer prioritising a sale after the ignominious collapse of its agreed transaction with Haverford's Mark Byrne, The Insurance Insider has learned.
  • IAG-owned Lloyd's motor insurer Equity Syndicate Management Ltd was censured by Lloyd's and ordered to pay costs of £95,000 over two charges of detrimental conduct, but avoided a hefty fine