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  • Randall & Quilter (R&Q) has revealed the identity of the US insurer it acquired earlier this year after the transaction received regulating assent.
  • Fraudulent claims in the Lloyd's market could represent a significant proportion of premium income, according to the London Market Claims Council (LMCC), with senior industry figures calling for collaborative action to tackle the problem.
  • Axis Reinsurance has requested that a US district judge reconsider agreeing to award a former Refco Inc vice president an extra $7.5mn in settlement fees - on top of $10mn the insurer has already paid out to cover defence costs.
  • Marketform, the Lloyd's insurer majority owned by the US firm Great American Insurance Group, is undertaking a significant reshuffle of its executive operations to improve its "corporate governance".
  • Despite some concessions being made to life industry concerns, European supervisory body CEIOPS' final advice to the European Commission on how to implement the Solvency II directive has failed to satisfy the Corporation of Lloyd's.
  • JLT energy broking partner Paddy McMurray is to join Alesco, AJ Gallagher's acquisitive international wholesale energy broking venture, The Insurance Insider has learned.
  • Scor has accepted defeat in its dispute with Allianz over the German insurer's 2007 settlement with World Trade Center (WTC) developer Larry Silverstein.
  • The insurance-linked securities (ILS) market continued its recovery last week with $220m in further bond issuance announced.
  • The determination of American International Group (AIG) shareholders to cling to any glimmer of good news saw the troubled firm's share price leap by almost 5 percent in trading early last week before essentially closing flat for the week on 13 November.
  • Spanish competition authority the Comisión Nacional de la Competencia (CNC) has fined local insurers Asefa, Mapfre and Caser and leading global reinsurers Munich Re, Swiss Re and Scor a total of EUR120mn, for operating what it described as a price cartel for decennial liability insurance in the Spanish market.