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  • Bermudian energy mutual Oil Insurance Limited is co-suing the US government over the flooding of a refinery during Hurricane Katrina.
  • Guy Carpenter is likely to file a motion to dismiss the lawsuit launched earlier this month by Connecticut attorney general Richard Blumenthal that has accused the broker of violating the state’s anti-trust and unfair trade practices acts...
  • New market entrants are "critical to maintaining the attractiveness of the Lloyd’s market", according to the Society's Franchise Performance director, Rolf Tolle.
  • Bancassurance is gaining in popularity particularly in emerging markets, according to research by Swiss Re.
  • Airline premium rates fell again this month - after a brief hiatus in August/September - according to the latest data from Aon Aviation.
  • One of the UK's leading fund managers, Standard Life Investments Ltd has acquired 29 million shares in Lloyd's insurer Chaucer Holdings plc, representing 9 percent of the voting rights in the company.
  • David Stevens, COO of UK niche-branded insurer Admiral Group plc, has purchased £1.9mn of shares in the company, taking the director's shareholding in Admiral to 3.84 percent.
  • The House of Lords upheld a Court of Appeal decision last week, ruling that employers are not liable to compensate employees who develop symptomless pleural plaques after exposure to asbestos.
  • Gen Re's victory last week in its dispute with Arch Capital Group over the poaching of a thirty strong facultative team will encourage employers concerned about their intellectual property walking out of the door.
  • Lehman Bros has been given the green light by the Financial Services Authority to begin trading at its subsidiary Libero Ventures Ltd - a new unit that aims to improve capital efficiency for (re)insurers by shifting exposures to the capital markets.