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  • Proposed start-up Leinster Group Ltd has refused to acknowledge defeat but the prospect of a launch on the Lloyd’s platform looks bleak after the Society rejected its application.
  • Expanding post-9/11 start-up Endurance Specialty has been quick to move in on opportunities presented by the demise of Converium's US operations as it announced last week (23 September) that it was buying up the Swiss reinsurer's successful agricultural r
  • The scheme of arrangement on the four EW Payne Pools was finally approved in the UK High Court last month.
  • US insurer Nationwide Mutual Insurance Co won the first of the many “wind versus water” lawsuits spawned by Hurricane Katrina last week, although experts warned that it is unlikely to set a precedent as the cases vary widely.
  • London based broker HLF was forced to pull its planned float after twice extending the pricing deadline to continue discussions with potential investors.
  • A UK commercial court judge continued to weigh up issues of fraud definition and jurisdiction as both sides in the long-running dispute between Randall and Quilter (R&Q) affiliate Cavell USA and private equity-owned Seaton Insurance Co and Stonewall Insur
  • Plummeting rates during last year's airline renewals have left the market close to its "burning cost" where it could struggle to turn a profit.
  • The UK insurance outsourcing company Rubicon Corporation has appointed Kroll Corporate Advisory & Restructuring Group as administrators after experiencing trading difficulties.
  • Expansive Lloyd’s insurer Hardy Underwriting Bermuda Ltd has hired a five-strong team from HSBC that will bring renewal rights to a portfolio of high net worth property business.
  • The New York Attorney General has "a devastating case" against Hank Greenberg relating to sham reinsurance transactions entered into by American International Group (AIG) 10 years ago, according to a US judge.