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  • The High Court refused applications by a group of aggrieved former Lloyd’s Names to bring actions of “misfeasance in public office” against Lloyd’s, last week.
  • The former chief executive of Heath Lambert Group David Margrett has made a discrete return to the market in a business development role with world's third largest broker Willis as part of a reshuffle following the recent announcement of veteran Willis Re
  • UK (re)insurer Brit Insurance Holdings plc has invested in Norton Re II, a $118.2mn Bermuda-based sidecar-style vehicle launched to replace the original $107.7mn Norton Re which expires this year.
  • International direct and facultative writers face mounting contingent business inter-ruption (CBI) claims stemming from major supply-chain disruption for global companies such as Sony Ericsson, with excess layers reinsured outside of Japan.
  • Brit Insurance has hired former XL Capital chief processing officer Malcolm Beane as COO, effective from 21 September.
  • A US judge has again issued an opinion that could have significant implications for the defence arguments that rating agencies are seeking to rely on in sub-prime related litigation.
  • In contrast to barnstorming Q1 results for US and Bermudian (re)insurers, European carriers enjoy a mixed first quarter with some showing a more subdued uplift from hard market conditions
  • American International Group (AIG) is accelerating steps to position its American Life Insurance Company (ALICO) subsidiary for a spin-off, as it continues to assess strategic options for the US life business, which may yet lead to a trade sale.
  • Benfield Group has become the latest reinsurance broker to respond to the growth in insurance linked securities with the creation of a new team to advise on non-traditional risk transfer solutions.
  • The General Insurance Corporation of India is on the slip for the Tupolev TU-154 passenger aircraft that crashed in northwestern Iran, killing all 168 on board, The Insurance Insider understands.