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  • The private equity backed run-off insurers Seaton Insurance Co and Stonewall Insurance Co have appealed against a decision earlier this month in a New York court which prevents them from pursuing a claim against a Randall & Quilter (R&Q) affiliate in the
  • MMC, the holding company for the resurgent Marsh and Guy Carpenter global (re)insurance broking operations, has reported Q3 consolidated revenue of $2.5bn – down 11 percent from the third quarter of 2008.
  • US-based composite insurer Hartford Financial Services Group saw the return from its property and casualty segment grow by 16 percent to $300mn.
  • Members of a personal accident (PA) team dismissed by Imagine Group's Danish Re after handing in their notice are suing the reinsurer for unfair dismissal.
  • The uplift in mergers and acquisitions activity in the Lloyd’s market over the last two years has contributed to a shift in the make-up of leading investors in the sector.
  • AXIS Insurance chairman Dennis Reding is to take up the position of chief operating officer at AXIS Capital as the Bermudian firm restructures.
  • Goldman Sachs has agreed to pay $550mn to the Securities and Exchange Commission (SEC) to settle fraud charges that it defrauded investors over the sale of subprime mortgage products that cost its customers more than $1bn.
  • Legacy and insurance services specialist Tawa's share price has closed down 7.35 percent at a mid-point of 31.5 pence per share following news of the group's $22.5mn loss this morning (22 March).
  • Bermudian reinsurer Argo Group has told investors to expect net losses from the Great Tohoku earthquake of around $60mn - a relatively modest figure compared to many of its peers
  • The US Securities and Exchange Commission (SEC) has filed a subpoena enforcement action against Wells Fargo after the US bank failed to produce all documents relating to a $60bn fraud probe.