Insight and Intelligence on the London & International Insurance Markets

27 July 2017

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Two reinsurer sidecars lapse

25 July 2017

Two reinsurer sidecar vehicles have not been renewed in 2017 as Scor and PartnerRe each decided they no longer needed retrocession cover in this format, sister publication Trading Risk revealed last weekRead more


Solicitors’ PI premiums drop 1.3% in 2016: Law Society

25 July 2017

The mean cost of premiums for UK solicitors' professional indemnity (PI) cover dropped by 1.3 percent last year, according to The Law SocietyRead more


London D&O market braces for Slater and Gordon claim

25 July 2017

The London directors' and officers' (D&O) market is facing a claim of around $26mn following a settlement by Australian law firm Slater and Gordon with its shareholdersRead more


Travelers targets Singapore InsurTech over logo

24 July 2017

Travelers has launched legal action against Singapore-based InsurTech start-up PolicyPal over the company's use of an umbrella for its logo, in at least the second such case brought by the US carrier this yearRead more


Alberta Motor sues reinsurers over Fort McMurray loss

19 July 2017

The Alberta Motor Association is suing 16 reinsurers that it alleges are baulking at paying a C$165mn ($130mn) claim from its treaty provision dealing with forest firesRead more


SBM settles with most primary insurers over Yme loss

17 July 2017

A majority of insurers on the $500mn limit primary layer of SBM Offshore's construction all risks policy have settled with the Dutch-based offshore energy specialist for $247mn after a long-running legal battleRead more


Enstar sues former finance exec over tweets

14 July 2017

Enstar is suing Gareth Nokes, the former CFO of its live subsidiary StarStone, after he accused the firm's executives of manipulating financial statements for their own gainRead more


Protector Forsikring pegs Grenfell claim at £50mn

7 July 2017

Norwegian general insurer Protector Forsikring has issued a £50.0mn ($64.6mn) preliminary estimate for its gross claims stemming from the Grenfell tower tragedy, indicating it expects a total loss to the policyRead more


Insurers may face $6.8bn in crumbling cement claims

3 July 2017

Homeowners’ insurers may face as much as $6.8bn in claims over failing foundations in Connecticut, where dozens of residents have joined a lawsuit seeking to force more than 100 carriers to cover the situation confronting as many as 34,000 property owners in the Nutmeg StateRead more


D&O market could face Barclays fraud claim

27 June 2017

Any insurance claim stemming from the fraud allegations faced by UK banking giant Barclays would probably fall to the London directors' and officers' (D&O) market, The Insurance Insider understandsRead more


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