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  • Troubled Australian insurance group IAG has confirmed it is placing its Singapore-based Lloyd's Syndicate 4455 into run-off and will also close its London-based Lloyd's managing agent Diagonal.
  • Lloyd’s insurer Beazley has hired a team from rival Mitsui Sumitomo to bolster its marine liability offering.
  • The Lloyd's Names on Munich Re-backed Syndicate 318 have resoundingly rejected the reinsurer's offer to buy up 100 percent of capacity for the 2012 year of account.
  • RSA has placed a Czech motor insurance subsidiary in run-off, which will add a £10mn restructuring charge to the group's half-year result
  • UK run-off acquisition firm Randall & Quilter Investment Holdings plc (R&Q) has strengthened its senior management with the appointment of Helix UK Ltd directors Colin Johnson and Mike Palmer.
  • The share price of Spanish (re)insurer Mapfre Group closed up 6 percent at EUR1.60 on 29 June following overnight news that Eurozone leaders would amend their aid rules to bolster the continent's creaking banking system
  • UK professional indemnity (PI) rates are under pressure and nowhere is this more keenly felt than solicitors’ PI.
  • Cooper Gay expands in US with Atlanta opening; State Farm appeals Texan fine
  • Munich Re announced a widely anticipated expansion of its capital management programme, with plans to buy back more than EUR5bn shares by 2010 as it targets average rises in earnings per share of 10 percent through the period.
  • The UK High Court yesterday (November 30) granted the English and American Underwriting (EAUA) Pools leave to convene meetings of creditors, The Insurance Insider understands.