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Stone Point divests insurance co.

Stone Point Capital is divesting its stake in Cunningham Lindsey Group Ltd.

Pierpont to merge with Va. broker-dealer

Pierpont Securities is merging with Richmond, Va.-based Cortview Capital, with both companies operating as broker-dealers for fixed-income investments.

Distress test

Despite a recent spike in commercial real estate loans that are late on payments in Connecticut, lenders appear eager to move bad loans off...