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  • Aon eSolutions is suing rival producer of risk management software Riskonnect after three of its employees defected, allegedly taking confidential information with them.
  • US insurer The Hanover slumped to a net loss of $31.8mn in the second quarter as higher cat losses and costs relating to the acquisition of Lloyd's insurer Chaucer weighed on results.
  • London's Metropolitan Police Authority is facing a heavy uninsured bill for property damage after its officers have been at the front line of riots across the city over the past few days.
  • The Football Association (FA) will not be able to reclaim any losses from the cancellation of England's friendly against Holland as it does not purchase the relevant contingency cover, The Insurance Insider understands
  • Class of 2005 reinsurer Flagstone Re has unveiled a re-organisation of its top underwriting roles
  • Underwriting losses at Markel were more than offset by increased earnings from its non-insurance businesses and a reduced tax bill, allowing it to increase Q2 net income by 46 percent to $30.3mn.
  • Transatlantic Re has responded coolly to the all-cash offer from the Berkshire Hathaway subsidiary National Indemnity Company (NIC), but has offered to enter into talks with the firm.
  • Warren Buffett's Berkshire Hathaway was one of 10 US-based insurance companies to have its credit rating reviewed by Standard & Poor's (S&P) in line with the agency's downgrade of the US sovereign credit rating.
  • The UK government has been complacent about the effects that Solvency II will have on the insurance industry and UK economy, according to shadow Treasury financial secretary Chris Leslie.
  • America's AAA rating has not been the only casualty of the political brinksmanship on Capitol Hill, as prolonged and rancorous haggling over raising the nation's debt ceiling meant the US Senate adjourned without agreeing a bill to reform the National Flood Insurance Program (NFIP).