Insight and Intelligence on the London & International Insurance Markets

17 January 2017

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AIG targeted in structured settlements RICO lawsuit

6 January 2017

AIG's property and casualty operation, through affiliates, "secretly" collected 4 percent commissions from annuities set up under structured insurance settlements arranged by approved brokers, a lawsuit brought by three people in a US District Court in Boston has allegedRead more


Willis specie broker Cohen joins Gordon group at JLT

3 January 2017

JLT Specialty has hired another specie broker from rival Willis Towers Watson as the dust settles on a $40mn lawsuit over an earlier raidRead more


Lockton pursues ex-employees after Marsh defection

20 December 2016

Lockton's Texas division is suing two of its former employees after they allegedly led a team defection to rival broker MarshRead more


Prosecutors label Platinum hedge fund a ‘Ponzi’ scheme

20 December 2016

Federal prosecutors claim that a New York hedge fund, Platinum Partners, became a massive “Ponzi scheme” that defrauded investors while collecting over $100mn in fees from unsuspecting clientsRead more


Florida workers' comp rate hike case put on fast track

13 December 2016

Florida's 14.5 percent workers' compensation rate hike will remain in effect until at least mid-winter, as an appeals court set to hear arguments to block it has set a 2 February filing deadlineRead more


Greenberg loses Supreme Court bid to block NY trial

13 December 2016

Former AIG CEO Maurice "Hank" Greenberg lost a bid to block New York State's prosecution of fraud charges against him as the US Supreme Court declined to hear his argument for overturning a lower court ruling that ordered him to stand trial on the civil chargesRead more


Greenberg loses Supreme Court bid to block NY trial

13 December 2016

Former AIG CEO Maurice "Hank" Greenberg has failed to block a New York State fraud case against him as the US Supreme Court declined to hear his argument for overturning a lower court ruling that ordered him to stand trial on the civil chargesRead more


Ropner wins injunction against former employee

7 December 2016

London market broker Ropner has secured a UK High Court injunction barring former divisional director Philip Wood from running his new firm Clearwood International, after a judge ruled that questions over whether he had broken non-compete clauses should be taken to trialRead more


Greenberg fraud trial to continue into 2017

6 December 2016

The New York attorney general's long-awaited fraud case against former AIG CEO Maurice "Hank" Greenberg is set continue into the new yearRead more


Florida workers' comp rate hike set to kick in after all

30 November 2016

A 14.5 percent hike in workers' compensation insurance rates in Florida will take effect tomorrow as scheduled, after a state agency filed a formal notice of its plan to appeal a court ruling last week that stayed the increaseRead more


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