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  • American Financial's Lloyd's insurer Marketform has been passed fit by the FSA after investigation
  • The Lloyd's performance management directorate intends to take a tougher line on new coverholder applicants after a "deterioration" in their quality, according to a December market report seen by The Insurance Insider
  • US insurance giant Travelers has been ordered to pay $445mn to settle an asbestos claim that trails back to the late 1980s
  • The Deepwater Horizon rig's lead insurer QBE has been placed in the legal firing line after the US Justice Department filed a civil lawsuit against BP and others over the oil spill
  • New York Attorney General Andrew Cuomo has filed a suit against Ernst & Young (E&Y) alleging that the "big four" accountancy firm assisted collapsed bank Lehman Brothers in defrauding its shareholders.
  • US insurance giant Allstate Co is suing the Bank of America and its subsidiary Countrywide Financial over $700mn in residential mortgage-backed securities the insurer purchased over a two-year period
  • Lloyd's broker Lonmar has lodged a final request to have its appeal heard on its long-running poaching case against Tysers less than seven days after the arguments were rejected by an Court of Appeal judge, The Insurance Insider can reveal
  • Major insurance-linked investor Credit Suisse Asset Management (CSAM) has withdrawn more than $400mn of industry loss warranty (ILW) capacity as pricing falls, The Insurance Insider can reveal
  • All major cat bond managers predict a re-run of $5bn+ cat bond issuance for the coming year, even in the absence of heavy cat losses, research by sister title Trading Risk shows
  • With a succession of reinsurers (Amlin, Aspen, Catlin, Chaucer, Flagstone, Omega, Partner and Platinum) having revised upwards their initial New Zealand loss notifications, one issue is whether there are other firms that may have to follow suit.