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  • Amlin has jettisoned corporate broker RBS Hoare Govett in favour of Morgan Stanley and Numis Securities as it looks to bounce back from a turbulent year
  • Broker Aon has paid $16.3mn to US regulators and prosecutors to settle a case over bribes allegedly paid in developing countries.
  • Lloyd's (re)insurer Beazley has revealed it is keen to re-enter takeover talks with Hardy, a year after being fended off by the smaller firm despite twice improving its cash offer
  • The European insurance watchdog has warned that the region could be facing a full-scale “meltdown” without decisive and comprehensive action from policymakers to reassure markets.
  • Rating agency AM Best has upgraded Swiss Re's financial strength rating to A+ from A, citing strong underwriting performance and capitalisation and its effective risk management strategy.
  • Bowring Marsh, the specialist international placement division of Marsh, is to open an insurance centre in Dubai
  • Tokio Marine Europe has appointed Leigh Meekings as marine cargo development underwriter and Rob Skilbeck as senior casualty underwriter
  • Embattled international reinsurer Flagstone Re has received a boost after ratings agency Moody's affirmed its A3 insurance financial strength rating and removed the rating from review for a possible downgrade.
  • Ratings agency AM Best has downgraded the issuer credit ratings (ICR) to "aa-" from "aa" of Allianz Global Corporate & Specialty North America (AGCS NA)
  • Despite the threat of further creep from the New Zealand and Japanese earthquakes earlier in the year, 2011 is on course to fall just short of overtaking 2005 as the most expensive year ever for the (re)insurance industry, according to estimates from Swiss Re.