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  • American International Group (AIG) agreed last week to sell its 21st Century US personal auto business to Zurich Financial Services for $1.9bn, representing the biggest insurance disposal in its asset sale programme so far.
  • Bermuda-headquartered insurer Hiscox has re-jigged its group reporting structure as it continues its US expansion.
  • German insurance giant Allianz's Blue Fin II cat bond – which increased in size to $180mn earlier in the month – was over-subscribed at its close last week (14 April).
  • Talbot Underwriting has become the latest Lloyd's (re)insurer to reveal a hike in 2009 stamp capacity, confirming a 23 percent rise to £400mn on its Syndicate 1183, as it looks to take advantage of what it claims are rising rates across its portfolio.
  • Capital is willing to pour into the catastrophe reinsurance sector, but only when 30 percent+ returns become a realistic prospect once again.
  • Bliss & Glennon, a Californian-based wholesale broker inherited by Willis Group as part of its $2.1bn acquisition of Hilb Rogal & Hobbs, was sold by the international broker last week.
  • Ratings agency Moody's has revised its outlook for the US commercial lines insurance sector to negative from stable.
  • Last year's apparently freakish total of 1,700 US tornadoes - which cost the industry more than $10.5bn in insured losses - may not be so unusual after all.
  • Willis Group estimates that directors’ and officers’ (D&O) losses as a result of claims relating to the credit crunch and sub-prime will total $5.9bn, with $5.3bn of that attributable to settlement and defence costs.
  • Global broker Aon Risk Services (ARS) has unveiled a powerful real-time global trading platform under the banner of Global Risk Insight Platform (GRIP).