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  • A 24 June date has been set for the UK High Court to consider approving a part VII transfer of all Equitas’ liabilities.
  • UK regulator the Financial Services Authority (FSA) and Lloyd's have formally approved the proposed Brit Insurance takeover by the private equity duo Apollo and CVC.
  • Florida insurance commissioner Kevin McCarty has suspended Allstate Companies from writing new business in the state after accusing the US insurer of failing to provide subpoenaed documents at a hearing into its Florida activities.
  • A New York court has issued a preliminary injunction against former Aon executive Peter Arkley, after he jumped ship with 60 other staff members to California-based rival Alliant last year
  • Legal exclusions mean that international reinsurers will not face significant costs connected with the overheating Japanese nuclear plant Fukushima Dai-ichi - no matter what happens at the stricken facility.
  • French reinsurer Scor has built out its presence in the Dutch life reinsurance market with the establishment of an office in the Netherlands through its subsidiary, Scor Global Life.
  • Arch Capital Group Ltd is to form Gulf Re, a Dubai-based $400mn capitalised reinsurer, in a joint venture with the Gulf Investment Corporation.
  • Bank of Ireland Life has securitised EUR400mn of value-in-force (VIF) life insurance policies in the first rated European VIF transaction for almost three years.
  • Trade body the Lloyd’s Market Association (LMA) has ended its search for a new chief executive with the appointment of David Gittings, the former group head of risk at Wellington Underwriting Plc.
  • UK general insurer Royal & Sun Alliance (RSA) bounced back to a profit of £638mn for 2007 despite taking a hit from last summer's UK floods.