Insight and Intelligence on the London & International Insurance Markets

18 November 2017

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Florida AOB reform effort moves forward in House

15 November 2017

Assignment of benefits (AOB) reform proposals in Florida took a small step forward yesterday when lawmakers in the state House of Representatives approved a new measure aimed at reining in abuses blamed for driving homeowners’ rates sharply higher in recent yearsRead more

Greek MP asks questions on Ethniki as Exin Re staff paid

7 November 2017

A member of the Greek parliament has posed questions to the country's finance minister about Exin's proposed EUR958mn ($1.10bn) acquisition of state-owned insurer Ethniki, citing concerns about "major liquidity problems" and issues with the recently submitted change of control requestRead more

Aon faces $365mn Canterbury temblors suit

6 November 2017

Aon is fighting a lawsuit that is seeking more than NZ$528mn ($364.7mn) in damages related to the 2010/11 Canterbury earthquakes in New ZealandRead more

D&O pricing falls 5.9% despite soaring court activity

24 October 2017

The price of directors' and officers' (D&O) coverage fell for the 17th quarter in a row in Q3 despite the threat posed by near-record levels of legal activity, which could increase claimsRead more

Old Republic takes $130mn recession-era legacy hit

17 October 2017

Old Republic has warned that its third quarter results will include a $130mn charge to settle claims dating back to the Great RecessionRead more

Aon settles legal battle with Willis over CFO hire

4 October 2017

Aon has settled a short but bitter dispute with rival Willis Towers Watson, which stood accused of unfair competition after hiring Mike Burwell as CFORead more

Kanye West lawyers rebut Lloyd's carriers in $10mn suit

21 September 2017

Lloyd's insurers embroiled in a $10mn claims dispute with Kanye West have been accused of "post-claim underwriting" in the latest installment of a lawsuit over the artist's cancelled tourRead more

Greenberg wins round in Spitzer legal battle

15 September 2017

Maurice "Hank" Greenberg won a round in his pursuit of former New York Attorney General Eliot Spitzer as a state appeals court ruled that the former AIG CEO could seek a defamation judgment against his legal nemesisRead more

Ogden change could save (re)insurers $3.3bn: EY

7 September 2017

UK government proposals to reform the way the Ogden rate is calculated could save the (re)insurance industry £2.5bn ($3.3bn), according to Ernst & Young (EY)Read more

Exin Re CEO departs amid pay dispute

5 September 2017

Exin Re CEO Marc Maupoux has resigned after staff at the Zurich-based reinsurer went unpaid for months, and is currently engaged alongside other staff in official proceedings to recover the money as Matt Fairfield's insurance group readies a counterclaimRead more

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