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  • President Obama's call for US medical malpractice liability reform in yesterday's State of the Union address has been met with some skepticism by his fellow Democrats.
  • Gerling at Lloyd’s has been sold by its German parent to Caribbean financial services group Sagicor.
  • Broker aggregator Towergate Partnership has secured £200mn of backing from private equity firm Advent International as it looks to manage its heavy debt burden
  • Four more non-aligned Lloyd's syndicates have updated their forecast results for the 2009 and 2010 years of account, revealing results that are broadly in line with past predictions.
  • Lloyd’s (re)insurer Wellington has announced that it will sell off more of its shares of Aspen Re, the Bermudian former subsidiary it helped found. On 8 March, the company issued a press statement in which it said it was willing to sell 10 percent of i
  • Chaucer, tipped by many to be the next Lloyd's insurer to receive takeover interest, has continued its recent drive to bolster its board.
  • A powerful tornado has cut a swathe of destruction through Oklahoma City, killing at least 91 people and reviving memories of the outbreaks in April and May 2011 that cost insurers $14bn
  • US Risk subsidiary Goss Re has appointed three new partners, including former EW Blanch head Ted Blanch.
  • Hannover Re is set to enter a landmark financial transaction that will lay off credit risk on its reinsurance recoverables to the capital markets, a move first revealed by The Insurance Insider in January last year.
  • Shares of Hannover Re climbed strongly on Monday after the (re)insurer reassured investors that its net losses from the flooding in Central Europe at between EUR100mn and EUR200mn.