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  • Ark Syndicate 4020 has become the latest start-up to gain Lloyd’s approval, with 2007 stamp capacity of £114mn and backing led by Jeff Greenberg’s Aquiline Capital Partners LLC.
  • Brit Insurance Holdings has replaced Collins Stewart as its joint house broker and corporate adviser, only days after the stockbroking firm’s chief executive became embroiled in a war of words with the Association of British Insurers (ABI).
  • Flagstone Re expects claims from the New Zealand earthquake of $52.5mn net of reinstatement premiums and retrocession.
  • The damages that US wholesaler CRC Insurance Services was awarded against a former star broker who allegedly fabricated sales figures has been overturned by a California appeals court.
  • Bermudian (re)insurer RenaissanceRe has promoted Larry Richardson to senior vice president of its strategic investments arm, Renaissance Re Ventures.
  • A New York court has refused an application to dismiss American Airlines' claim that the 11 September 2001 attacks were an "act of war" on the US.
  • Scor has reported net income of EUR104mn for the first quarter, up 50 percent on a like-for-like basis, as it bulked up on both the life and P&C sides of its businesses.
  • UK run-off acquisition firm Randall & Quilter (R&Q) booked a £1.2mn pre-tax profit for the first half of 2009 despite taking a £2.7mn unrealised investment loss on perpetuals and a £2mn hit for legal costs over litigation with Equitas in the Brandywine ca
  • As evidence mounts that the potential EUR66.5bn German P&C legacy market may finally explode into activity, the European run-off industry prepares to convene on Cologne for its annual run-off Rendez-Vous.
  • Hardy Underwriting has succeeded in holding on to the almost 20 percent share price bump it achieved after the revelation last week that it had rejected a £158mn approach by larger Lloyd's insurer Beazley.