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  • Drilling contractor Transocean is set for fraught discussions with lawyers and its liability insurance underwriters after agreeing with US authorities to pay a $1.4bn fine for its role in the 2010 Deepwater Horizon disaster.
  • Bermudian White Mountains' specialist run-off acquisition arm has agreed a deal to buy a third American International Group (AIG) unit in the space of six months as it continues to make its presence felt in the legacy sector.
  • LCL Group – the run-off manager to debt collections specialist – has appointed former Euclidian Underwriting Ltd chief executive Andrew Holland to become chief operating officer.
  • Lloyd’s insurer Beazley Group plc has strengthened its political risk team with the appointments of Peter Jenkins and Marc Werblow.
  • Investment returns is continuing to be a clear differentiator for the quoted run-off firms that posted a mixed bag of 2010 interim results last month
  • UK broker Heath Lambert Group is set to undergo another capital restructuring only 18 months after a debt-for-equity deal with its bankers.
  • Rating agencies rallied around beleaguered SCOR after the French reinsurer had its EUR750mn rights issue endorsed by 91 percent of shareholders at an extraordinary general assembly last Monday (1 December) and announced a complete exit from credit derivat
  • Quanta, the youngest of the post-9/11 start-ups, confirmed one of the market’s worst kept secrets last Thursday (9 December) as it announced the formation of a new £80mn capacity specialty lines syndicate at Lloyd’s under the leadership of Mark Wheeler an
  • World’s largest insurer AIG has announced the acquisition of the insurance portfolio of the Royal & SunAlliance (R&SA) branch operations in Japan by its subsidiaries American Home Assurance Company and AIU Insurance Company.
  • Arch increased its top line by 9.1 percent in the first quarter of 2013, driven by an aggressive expansion of its reinsurance book.