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  • Anxious investors are awaiting the release of fourth quarter results from a number of banking groups this week, with concern mounting over the size of sub-prime related losses yet to come to light in the banking system.
  • Aon Corp is selling its US property and casualty arm Combined Insurance Co to ACE Ltd for $2.4bn and has committed to returning all the proceeds to its shareholders.
  • Listed Bermudian-headquartered legacy firm Enstar Group has acquired AMP Ltd's Australian-based closed (re)insurance operations for A$585mn ($518mn).
  • The joint venture platform established by the world's largest interdealer-broker ICAP plc and insurance intermediary JLT Group plc has brokered its first catastrophe swap trade, for 2008 North American windstorm.
  • Standard & Poor's (S&P) has upgraded the financial strength ratings on the main subsidiaries of the Royal & SunAlliance Group (R&SA) from A- to A.
  • Standard & Poor's (S&P) has upgraded ratings on Renaissance Reinsurance Ltd from A+ to AA- as it praised the company's parent for holding onto its competitive position in the property cat market following the departure of senior management in 2005.
  • Non-life insurance stocks contain some risk, but more reward despite exposure to the sub-prime crisis and the downward pressure on rates, according to Standard & Poor's (S&P) analyst Tony Silverman.
  • Marsh UK is expected to decide before year end on how it will deal with its embedded legacy burden, the broker has confirmed.
  • Star underwriter Christine Dandridge is to join (re)insurance broker RFIB Group after nearly 20 years at Lloyd's insurer Atrium Underwriting.
  • 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.