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  • Cavell USA, an affiliate company of UK quoted run-off group Randall & Quilter, and its founder Ken Randall were awarded $1mn and £150,000 in interim damages last week...
  • Australian regulator the Australian Securities and Investments Commission (ASIC) announced last Thursday (30 June) that it had uncovered no evidence of systemic abuses of broker remuneration practices of the kind exposed by the Spitzer probe in the US.
  • Seven changes are expected to Converium’s board of directors when shareholders meet in April for the company’s Annual General Meeting.
  • Broking start-up Integro has announced the appointment of five senior executives to its US operations.
  • A UK court has ruled that insurers will have to pay compensation to thousands of people with pleural plaques, the scarring on the lung lining that indicates exposure to asbestos.
  • R&SA has announced the sale of its 37.1 percent shareholding in South Africa’s Mutual & Federal Insurance Company Ltd.
  • Reinsurance broker RK Carvill & Co Ltd has promoted its long-serving executive David Thomas to the role of managing director.
  • Seven changes are expected to Converium’s board of directors when shareholders meet in April for the company’s Annual General Meeting. In keeping with previous indications chairman Peter Colombo will step down from his position on 11 April.
  • Australia’s prosecutors showed their commitment to punishing corporate fraud by imprisoning the senior management behind the failed insurer HIH Insurance Ltd. Ray Williams – the founder of HIH – and his fellow director Rodney Adler were jailed for four
  • Disagreements between Lloyd's underwriting supremo Rolf Tolle and Berkshire Hathaway led to the latter slashing the size of its Lloyd's subsidiary Marlborough, The Insider can reveal.