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  • US insurance group American Finance Group Inc (AFG) has bought a majority interest in Lloyd's insurer Marketform Group Ltd, The Insurance Insider can reveal.
  • US insurance group American Finance Group Inc (AFG) has bought a majority interest in Lloyd's insurer Marketform Group Ltd, The Insurance Insider can reveal.
  • Global broker Marsh has appointed Carrick Lambert as managing director of the Europe, Middle East and Asia (EMEA) financial institutions industry practice.
  • New York attorney general Andrew Cuomo has reached an agreement with three major rating agencies that promises to overhaul the way they collect fees and to improve their process for rating mortgage-backed securities.
  • Broker Willis Group has lured David Martin from Zurich Insurance Group to lead its UK retail business as it completes the restructure of its international leadership under the division's CEO Tim Wright.
  • A notable flurry of major legacy transactions in late December and early January reached a peak with the expansive Bermudian firm Catalina thought to have paid around $ 350mn for Glacier Re, the Soros-backed reinsurer that closed its doors in August 2010
  • Political risk reinsurers need a boost in capacity from both the capital markets and traditional reinsurance markets, according to a report by broker Willis Re.
  • Maurice "Hank" Greenberg's company Starr International has been thwarted in its bid to summon Federal Reserve chairman Ben Bernanke to give evidence in a suit against the US federal government over the AIG bailout
  • Capita CMGL is set to complete the reinsurance-to-close (RITC) transfer of the run-off Duncanson & Holt Syndicate 55 with capital supplied by CarVal Investors LLC, a fund backed by the agribusiness giant Cargill.
  • The removal of Jardine Lloyd Thompson Group’s chief executive Steve McGill following last Friday’s profits warning (26 November) will again focus attention on the insurance broker’s US expansion strategy.