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  • Complaint filed by CV Starr against AIG employees alleging actions taken by the employees to "systematically destroy" CV Starr's business.
  • SCOR is facing further legal action in its long-running dispute with Highfields investment funds, the former main minority shareholder in IRP Holdings Limited, the Dublin-based quota share sidecar it established in the aftermath of 9/11.
  • Shipowners will face rate rises of up to 10 percent on protection & indemnity (P&I) premiums at the 2007 renewals as the marine industry feels the effect of a raft of social and regulatory legislation, according to a report from Aon.
  • The Legal Services Bill currently passing through the UK Parliament will cause major changes in the structure and ownership of many major law firms and increase their risk exposure, according to broker Marsh.
  • Swiss-based reinsurer Glacier Re has responded to rating agency concerns following last year’s hurricanes by further bolstering its capital base with a $30mn cash injection from existing shareholders.
  • Zurich American Insurance has settled a business interruption claim, stemming from the 2001 World Trade Centre loss, for $80mn with ABM Industries.
  • Fitch Ratings has affirmed Lloyd's Financial Strength (IFS) rating of A (excellent) with an Issuer Default Rating (IDR) of A-. Both ratings have been assigned a stable outlook.
  • In a twist on the industry’s current enthusiasm for Cat-linked securitisations, Goldman Sachs has advised on a securitisation linked to assets held by Japan Earthquake Reinsurance (JER), the government backed Cat reinsurer.
  • Embattled life reinsurer Scottish Re Group and its subsidiaries suffered further downgrades from rating agency Standard & Poor’s (S&P) last week.
  • Australian-headquartered (re)insurer QBE Insurance Group announced on 16 August that its after-tax operating profits were up 20 percent to Aus$591mn for the first half of 2006.