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  • HCC Insurance Holdings bucked the trend set by a number of its peers, as it announced last week record first quarter earnings and revenues up 28 percent.
  • QBE Insurance (Europe) has merged its London casualty operations to create an £850mn premium-income underwriting unit.
  • Arch Capital Group has recruited the former Chubb D&O specialist Ralph E. Jones III to lead its challenge into the US professional indemnity sector. Jones will join on the 1 July as the president and chief executive officer of Arch's US Insurance arm,
  • A"medium term" IPO for reinsurance spin-off Aspen Re has inspired London Stockbrokers Altium Capital to upgrade sister company Wellington Insurance Holdings from a hold to a buy recommendation.
  • Shares in UK (re)insurer Beazley Group plc plummeted more than 7 percent in just two days trading on the news that CEO Andrew Beazley sold over 3 million shares in the firm, halving his ownership stake.
  • Pinault receives fine in return for immunity; Peyrelevade and five others left out in the cold
  • US giant American International Group (AIG) announced last week that it has agreed an $813mn takeover deal for 21st Century Insurance Group.
  • Euro Lloyd’s investigation ends The European Commission is closing its investigation into UK’s regulation of Lloyd’s, it was revealed last week.
  • In a significant development for the insurance industry, the Australian Victoria state appeals court has rejected a civil lawsuit brought against British Airways and Quantas by a passenger who developed deep vein thrombosis (DVT) on a long-haul flight.
  • Fulham Football Club has issued a High Court writ against a consortium of Lloyd’s syndicates for failing to pay personal accident (PA) claims on one of the club’s former players.