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The 2014 outlook for the global P&C industry is stable thanks to expected premium growth from the economic recovery and stable-to-rising penetration rates, says Moodys Investors Service.

A group of investors led by insurance-industry veteran Brian Duperreault struck a deal to buy billionaire trader Steven A. Cohen's SAC Capital Advisors LP's reinsurance business.

The 2014 outlook for the global P&C industry is stable thanks to expected premium growth from the economic recovery and stable-to-rising penetration rates, Moodys says. Meanwhile, Fitch says the U.S. insurance-broker industry also has a stable ratings outlook for 2014

Insurance rating agency A.M. Best Co. has downgraded the financial strength rating of Tower Group following the insurers reserve-strengthening announcement.

OPTIS study reports a slowdown in M&A activity after last year's capital gains tax-hike boom, with Hub and Gallagher leading the pack.

Mondays $4.4 billion acquisition of Hub International Ltd. by Hellman & Friedman LLC could raise producers interest in making a sale, but will likely have minimal impact on the price paid for agencies, insurance agency consultants say.

The private equity firm Kohlberg & Co. L.L.C. entered the mergers and acquisition picture last week by acquiring a majority of the stock of Risk Strategies Co., a national insurance and risk management brokerage firm.

A total of 291 deals were reported in 2012, topping 2008s previous record of 284.