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  • French reinsurer Scor has received a further rating agency fillip, after enjoying an AM Best upgrade on the eve of last month's Monte Carlo reinsurance Rendez-Vous.
  • The RVI Group - a specialty writer of residual value insurance in the commercial equipment, passenger vehicle and real estate markets - is looking for a buyer, among other strategic options.
  • Allied World is to move its main holding company to Switzerland, providing further evidence that Bermuda is losing its lustre as an offshore domicile.
  • Ace Group has lured Juan Andrade from The Hartford to head up its property and casualty (P&C) personal lines and small commercial business.
  • CV Starr is growing its political risk/credit business after hiring a market leading underwriting team from Chubb Group of Insurance Companies.
  • Liberty Mutual Group has shelved a planned $1bn-plus initial public offering (IPO) of its agency business, citing an "unfavourable" climate for achieving the desired value.
  • 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.