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  • After finally closing its $2.8bn protracted acquisition of rival Converium Holding AG, French reinsurer SCOR wasted little time in setting out its stall as it aims to push into the top 5 of global reinsurers.
  • The Lloyd’s insurer Trenwick Managing Agency (TMA) is on the verge of announcing that it has successfully raised funds to buy-out the business from its distressed Bermudian parent, Insider Week can reveal.
  • Several Lloyd's insurers including Brit, Chaucer and Catlin are being sued by Proton Bank and Blanca Shipmanagement Company over a disputed $35mn marine claim.
  • Another HIH Insurance executive is set to plead guilty to fraud charges relating to the Australian insurer's collapse five years ago.
  • Lloyd's insurer Brit is considering legal action against rival Abacus Syndicates Management over the recruitment of former PRI Ltd staff, the liability insurer acquired by Brit earlier this year for around £173mn. As first revealed in issue 81 of The I
  • Prosecutors in the trial of former General Re and American International Group (AIG) executives found guilty in a sham finite reinsurance contract have vowed to continue investigations up the corporate ladder.
  • Benfield Group Ltd posted flat trading profits and a slide in revenue last week while outlining a strategy to grow its primary operations in response to the turmoil facing the US insurance industry.
  • Lockton International is to outsource its London professional indemnity claims broking department to commercial liability claims specialist Devonshire Claims Services (DCS), The Insurance Insider can reveal.
  • Jardine Lloyd Thompson Group plc has agreed to pay £9.4mn to acquire much of the aviation business and personnel from fellow London based broker, Heath Lambert.
  • Lloyd’s insurer Advent Capital (Holdings) plc revealed a welcome return to profit after the devastations of the 2001 underwriting year.