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  • A crew member of the ill-fated Costa Concordia vessel has filed a law suit accusing the ship's owners of negligence, breach of contract and unjust enrichment.
  • Last week's $1.75bn insolvency and default of European oil refiner Petroplus Holdings is set to be a significant event for the trade credit market, sources have told The Insurance Insider.
  • Brit parted company last week with its well-regarded reinsurance chief Jonathan Turner as part of plans to merge his former division with its global markets unit.
  • Aegis in London leads the programme for Xcel Energy's Sherburne County Generating Station (Sherco 3), where a recent fire is expected to cost the power market up to $180mn, sister title Inside FAC understands.
  • Underwriters of directors' and officers' (D&O) policies covering the IPOs or reverse takeovers (RTOs) of Chinese companies listing in the US could face claims of more than $250mn, according to sources.
  • Brown & Brown CEO takes leave; Ironshore opens in Singapore; Sangria on Aon; Joachim adds EUR300mn; Xchanging signs Hurst-Bannister; Atkins takes LMA helm; Tawa closes turnkey buy; Nelson awaits London influx; Greenlight fined for market abuse
  • While the most widely read annual letter to shareholders undoubtedly carries a Nebraska postmark and is signed by a certain Warren Buffett, our sector is lucky to have another willing scribe documenting and demystifying life in the (re)insurance world on behalf of investors.
  • Lloyd's is considering whether it has the appetite for a radical overhaul of its processes in an initiative which could cost the market at least £100mn-£150mn.
  • American Agricultural (Ag), the reinsurer of choice for most farm bureaus in the US, has clarified market misconceptions arising from changes to its major 1 January cat retro placement after it restructured cover to overcome capacity issues.
  • As reinsurers turn their attention to the 1 April renewals, Japanese "big three" insurer NKSJ has significantly inflated its gross loss notification for the Thai floods to 260bn yen ($3.35bn).