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  • Weekly share price movements on The Insurance Insider's universe of global P&C (re)insurers and brokers
  • Insurer XL's London office, the lead market on Barclays Bank's directors' and officers' (D&O) cover, is likely to begin incurring defence cost claims on the programme as the recent Libor-fixing scandal continues to unfold.
  • Chris Fagan, the founding CEO of Bermuda-based run-off acquirer Catalina, has predicted more transactions this year after announcing the purchase of HSBC's Irish legacy (re)insurers HSBC Reinsurance Ltd and HSBC Insurance (Ireland) Ltd.
  • The chairman and chief executive of Randall & Quilter (R&Q) Ken Randall has sold half a million ordinary shares in his legacy-to-live UK firm to reduce his overall stake to 21.75 million shares.
  • Starr International can proceed with legal action against the US government over its 2008 bailout of American International Group (AIG), the Court of Federal Claims has ruled.
  • Three years after its bailout by the US government, American International Group (AIG) is suing the federal government for $30.2mn over its alleged overpayment of taxes.
  • A federal judge has thrown out a US Securities and Exchange Commission (SEC) request for the Securities Investor Protection Corporation (SIPC) to compensate the victims of Allen Stanford's $7bn Ponzi scheme.
  • The European Parliament has decided that Solvency II will be implemented on 1 January 2014, bringing to an end a period of uncertainty around the timetable for regulatory reform.
  • The European Commission has proposed mandatory remuneration disclosure for intermediaries because previous "on request" disclosure was not respected, a leading expert told The Insurance Insider.
  • Reinsurance broker Guy Carpenter has estimated that average US property catastrophe reinsurance rates increased around 6.5 percent at the 1 July renewals while overall rate increases were "subdued".