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  • The solvent scheme of arrangement for Australian insurer Suncorp Metway Insurance Company is unlikely to proceed after gaining insufficient support.
  • Markel International and QBE are thought to be confident ahead of the ruling in their High Court showdown with broker Surety Guarantee Consultants Ltd (SGC) and other defendants over construction bond fraud allegations.
  • Arthur J Gallagher International has welcomed aboard Simon Matson, who was due to join the firm’s new joint venture onshore/offshore "boutique" energy subsidiary on 2 June, The Insurance Insider can reveal.
  • The London market is reporting lighter sub-prime related claims experience than US insurers, due mainly to its "limited US portfolios", according to senior market sources.
  • The world's two largest reinsurers continue to divide analysts over their prospects as they look to ride difficult underwriting conditions and exposure to the wider global economic and credit environment.
  • The private equity owned run-off insurers Seaton Insurance Co and Stonewall Insurance Co have appealed against a New York court decision last month which prevents them from pursuing a claim against a Randall & Quilter (R&Q) affiliate in the US.
  • Australian insurer will need to bring shareholders back on side if it is to remain an independent company despite QBE walking away
  • Former Catlin UK CEO Andreas Loucaides has resigned from the group to take up a new post at Lloyd's insurer Jubilee subject to regulatory approval, The Insurance Insider can reveal.
  • The 1 June Florida property cat renewal is expected to have produced average rate reductions of around 15 percent, according to a report from reinsurance broker Guy Carpenter.
  • Benfield has confirmed a tie-up with Michael Cash that sees it invest $50mn in a fund managed by the former RenaissanceRe executive focussing on the collateralised catastrophe reinsurance and insurance linked securities (ILS) markets.