Earlierthis monthLVMH, a Parisianluxury-goodsgiant, made off with Bulgari, a Roman jeweller; and Frenchfirmshave recently had anItalianinsurer and power company in their sights.
In a separate development, Bank of America earlier announced it had reached a settlement with mortgage insurer MBIA in a dispute over mortgage securities issued during the housing boom.
It had taken out some reinsurance policies to cope but earlier this week it was investigating claims about "additional arrangements" designed to shore up the insurer's finances.