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  • The Insider 30 made a 1.46 percent gain last week, outstripping the performance of wider stock market benchmarks the FTSE 100, Euro Stoxx 600 and S&P 500.
  • The UK's High Court has approved a scheme of arrangement for the ill-fated Independent Insurance Company, which went under in 2001 following a massive fraud.
  • A UK court has cleared the way for Trust Risk Group, the former Italian medical malpractice broker for AmTrust, to pursue the international specialty insurer for EUR1.2bn in arbitration proceedings.
  • A US bank is suing eight financial lines insurers after they failed to pay out on a $75mn claim stemming from subprime mortgage loans issued in the years leading up to the global financial crash.
  • The Prudential Regulation Authority (PRA) has invited UK insurers to create and stress test two disaster scenarios as part of an assessment set by the regulator.
  • The UK's insurance premium tax (IPT) remains one of the lowest in Europe despite the hike introduced by chancellor George Osborne in last week's (8 July) summer budget.
  • The South African regulator is thought to be consulting on a controversial piece of legislation that could have a significant impact on reinsurers writing its domestic business from offshore.
  • The ongoing M&A saga between Axis and PartnerRe is set to continue after the companies postponed the critical shareholders' vote as they attempt to sweeten the terms of their agreement.
  • HCC Insurance Holdings asked Goldman Sachs to approach potential Japanese insurers to gauge their interest before the US specialty insurer's $7.5bn all-cash sale to Tokio Marine, according to the full proxy document filed today.
  • Kingstone Insurance has bought more cat limit at a significantly lower rate-on-line and restructured its personal lines quota share with Swiss Re and Maiden Re.