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  • UK consolidator Towergate Partnership has acquired the private medical insurance (PMI) provider City & Suburban Health.
  • Swiss Re's move to sell its US asset management arm Conning & Co to Jeff Greenberg-run private equity firm Aquiline Capital Partners LLC will help increase its capital buffer as it refocuses on its core business and pushes for a return to an AA rating.
  • The latest stock exchange announcement from UK-listed Thompson Heath & Bond (THB) shows the broker is firmly on track to complete its £32mn sale to US wholesaler AmWins in January
  • German insurance leviathan Allianz Group reported a 22.7 percent rise in operating profit to EUR2.2bn for the second quarter
  • Hector Sants, chief executive of UK regulator the Financial Services Authority (FSA), has suggested that UK insurers that aren't ready for Solvency II by 2013 might be given some wriggle room
  • A Dutch court has sanctioned a securities class action suit for investors in the late-2001 carve-out of Zurich Financial Services (ZFS)' reinsurance arm Converium, the first collective settlement to be agreed on a transatlantic basis.
  • Proposals set to include differential charging of Central Fund in bid to reduce cost burden on members. Lloyd's is set to publish a radical blueprint for change later this month which will raise the prospect of a fundamental overhaul of the...
  • New Zealand insurer Tower is taking the state-backed Earthquake Commission (EQC) to court to determine how much the government scheme should pay out to Christchurch householders stricken by multiple earthquakes in the past year.
  • More than 85 percent of Jardine Lloyd Thompson (JLT)'s other shareholders have offered to tender their shares to the group's largest investor, Jardine Matheson, as the conglomerate plans to add a further 10 percent to its holding.
  • Aon Benfield has estimated that insured losses for the powerful tornado outbreaks that struck the US in April and May total $15bn