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  • AM Best has upgraded the ratings of QBE subsidiaries Praetorian Insurance Company and NAU Country Insurance Company to reflect the strength they draw from being part of a more diversified international (re)insurer.
  • American International Group (AIG) has been forced to scale back its valuation of Asian life insurer AIA for its upcoming initial public offering (IPO) in Hong Kong.
  • Houston-based insurance investment vehicle South West Insurance Partners (SWIP) has confirmed that it is merging with New York-based Lightyear Delos Acquisition Corp.
  • Lloyd's investment vehicle Hampden Underwriting plc suffered a first-half net loss of £58,000, down from a £138,000 profit a year earlier, as a 27 percent increase in claims took its toll.
  • Lloyd's will intervene in the business and capital plans of its managing agents lagging in their preparations for Solvency II, The Insurance Insider can reveal.
  • It has emerged that David Hope, one of the founders of energy specialist Torus Insurance Holdings, has joined the board of Lloyd's "turnkey" provider Capita Managing Agency as a non-executive director.
  • Flagstone Re's Lloyd's subsidiary has replaced its CEO, Dominic Kirby, with its current managing director Karl Grives, it was revealed last week.
  • Lloyd's two dedicated motor underwriting operations may continue to register underwriting losses in 2011 despite the efforts of their managing agencies.
  • Pricing fell across the board in the third Lloyd's capacity auction last week, with marked declines for poorly performing syndicates.
  • Munich Re's Lloyd's insurer, Beaufort, has edged closer to the 90 percent ownership threshold of Syndicate 318 that allows a mandatory offer for its remaining third-party capital.