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  • The 6 October saw Randall & Quilter (R&Q) affiliate Cavell USA launch its UK offensive against private equity owned Seaton Insurance Co and Stonewall Insurance Co in the English Commercial Court for alleged breach of...
  • London-based broker RFIB Holdings Ltd reported revenue and profit growth for the 12 months to 30 June 2008 and said it expects the pattern to continue as the impact of new teams boosts performance and the stronger dollar begins to filter through.
  • Suncorp has told reinsurers that its loss estimate for last year's second New Zealand earthquake has risen by A$300mn to A$2.3bn.
  • The Conservative Party has abandoned plans to abolish UK regulator the Financial Services Authority (FSA) as a concession to its coalition partners the Liberal Democrats.
  • (Re)insurers face the possibility of significant losses from three separate wildfires that have already destroyed hundreds of properties in southern California.
  • Endurance Specialty joined a steady trickle of reinsurers revealing Thai loss estimates this week as the company said it will take a charge of $76.5mn in its fourth quarter results from the devastating floods.
  • Ten days after Hartford trumped Travelers with a record $2.6bn asbestos reserve charge, moves to introduce meaningful legislation to curb asbestos lawsuits in the US gathered fresh pace. Republican Senator Orrin Hatch introduced a bipartisan bill in s
  • Lloyd's (re)insurer Chaucer is mulling whether to continue providing turnkey services to nascent Lloyd's syndicates, according to well-placed sources.
  • Jardine Lloyd Thompson Group plc (JLT) plans to overhaul its staff pension scheme in a bid to reduce the £146mn deficit which hangs over the company.
  • Bermudian (re)insurer Aspen Insurance Holdings Ltd has taken the innovative step of wrapping a credit derivative structure around a portfolio of its reinsurance recoverables, in a $420mn transaction with investment bank Deutsche Bank.