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AUB to acquire Tysers for £500m

AUB Group, an Australia equity-based insurance broker network, has confirmed that it has reached an agreement to acquire wholesale broker Tysers from its current owner, Odyssey Investment Partners, for a sale price of AUD $880 million (GBP 500 million).

S&P revises Saudi Re’s outlook to positive

S&P Global Ratings has revised Saudi Re’s outlook to positive from stable citing improved performance indicators, mainly the company’s strengthening competitive position and robust capital buffers.