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  • A lawsuit filed by Madoff-hit Greenwich National Bank and several other investment institutions seeking to compel US insurer Travelers and its subsidiary, St Paul Mercury Insurance Company, to pay defence costs for underlying lawsuits has been dismissed.
  • Specie brokers Colin Hasler, Gary Stanley and fine art broker Bob Diggory are the latest staff to walk away from Marsh-acquired HSBC Insurance Brokers (HIBL), The Insurance Insider can reveal.
  • Australian insurer QBE has made a $565mn move for US crop insurer NAU Country Insurance, as it looks to continue its strategy of growing through acquisition.
  • The closure of a large swathe of northern European airspace due to volcanic ash clouds is not thought to be a major business interruption (BI) exposure to the aviation sector, according to market experts.
  • London-based (re)insurance service provider and acquirer Independent Services Group Limited (ISG) has received approval from Lloyd's for its subsidiary, Independent Broking Solutions (IBS), to be a registered Lloyd's Broker.
  • Lloyd's and international (re)insurer Beazley has hired Scott Machut to head up business development at its US accident and health (A&H) division.
  • Securities litigation filings fell 39 percent in the first quarter of 2010 compared to a year ago, with 178 suits filed, compared to the record-breaking 294 suits filed in Q1 2009 at the height of the credit crisis backlash.
  • Proposed changes to the UK tax regime for international specialty (re)insurers have been welcomed by official opposition the Conservative Party.
  • The London arm of broker Colemont International placed the insurance programme for the Airbus A300 cargo aircraft which crashed late Tuesday evening (14 April) in Mexico, The Insurance Insider understands.
  • Guy Carpenter's head of American operations Andrew Marcell is moving aside in favour of colleague Chris McKeown to take up the newly created role of CEO of global practices and head of placement strategy.