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  • Capita CMGL has confirmed the reinsurance to close (RITC) transfer of the run-off Duncanson & Holt Syndicate 55 to a new Lloyd’s syndicate backed by CarVal Investors LLC, as first revealed in the July issue of The Insurance Insider.
  • Lloyd's was described as a "perfect fit" by Ariel Re chairman and CEO, Don Kramer, after the Bermudian firm agreed its £193.2mn deal for Atrium Underwriting plc.
  • Class of 2005 reinsurer Ariel Re has become the latest Bermudian firm to buy into Lloyd’s with a £193.2mn deal for Atrium Underwriting plc.
  • Bermudian reinsurer IPCRe has released a $100mn profit warning following recent storm and flood events on opposite sides of the globe in the UK and Australia.
  • Giant US insurer American International Group (AIG) is the lead underwriter on the passenger jet that crashed into a fuel depot and burst into flames while landing in Sao Paulo last night, according to market sources.
  • Law firm Sidley Austin has confirmed the appointment of Dorothy Cory-Wright to head up its new London-based (re)insurance dispute practice.
  • London-based (re)insurer Liberty International Underwriters (LIU), a division of US insurer Liberty Mutual Group, has recruited London market veteran Ray Miller as vice president for Marine, Energy and Construction.
  • New York-based Hales & Company, an investment bank that focuses on the insurance sector, has acquired WFG Capital Advisors for an undisclosed fee.
  • Reinsurance broker Guy Carpenter & Company LLC has announced several senior European appointments, aimed at enhancing the firm’s enterprise risk management and capital markets capabilities.
  • Lloyd’s broker RFIB Group Ltd has snapped up Hugh Champion from Heath Lambert Group to drive its expansion in facilities and binding authority business.