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  • Ballantyne McKean & Sullivan has put up a tough fight to successfully rebut Lloyd's charges of discreditable conduct in relation to the administration of a South African account.
  • R&SA and Syndicate 45 sued by T&N; Hartford sued by Western MacArthur; and Chubb takes $625mn hit as claimants target non-product liability coverage.
  • Aon reports impressive 18 percent organic growth but cuts dividend, cancels Combined spin-off and reveals $500mn pension short-fall Aon's recent predilection for the dramatic continued last week when it revealed better than expected third quarter resu
  • In a further development in the legacy of Fortress Re, Deloitte & Touche, the auditors of their Bermudian registered reinsurer Carolina Re, are attempting to prevent the liquidators from deposing five of their staff, including two based in Bermuda.
  • The future of (re)insurer Sirius International is uncertain after its parent revealed its 2002 earnings will be less than expected.
  • A Serb and two Germans reflect the international flavour of Faraday's senior management, after the departure of the group's former chief executive Nigel Barton last month.
  • Losses from the collapsed Aon 77 energy lineslip to be contested in the High Court with the Central Fund and Aon’s E&O insurers exposed to outcome Lloyd's Central Fund may be forced to pick up the losses from Aon's collapsed energy lineslip regardless
  • Laptop examines an under-used section of the Lloyd’s Act that could give capital providers redress against mismanagement and negligence
  • Hardy Underwriting Group (HUG) has acquired a 13.3 percent share in fellow Lloyd's listed vehicle Atrium Underwriting. HUG paid £4.85mn cash for 6.47mn ordinary Atrium shares.
  • The future of Trenwick's Lloyd's operations was given a boost by the news that Berkshire Hathaway will increase its support for the 2003 year.