Insight and Intelligence on the London & International Insurance Markets

22 January 2018

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MetLife and FSOC close door on Sifi appeal

20 January 2018

MetLife and the US Financial Stability Oversight Council formally sought to end the big life insurer’s status as a systemically important financial institution yesterday, which would leave New Jersey’s Prudential Financial as the last insurer under Federal Reserve oversight as a SifiRead more


Marsh in trademark battle with InsurTech Marshmallow

18 January 2018

Marsh is taking trademark infringement action against Marshmallow, in an attempt to skewer the start-up over its choice of name, the InsurTech saidRead more


California insurers may face wildfire cost hikes

16 January 2018

California wildfire victims may get more time to sue their insurers and be able to force their carriers to be more flexible in applying benefits to help them recover if legislative proposals put forward today win passageRead more


Hiscox contests costs for body parts lawsuits

16 January 2018

Bermuda-headquartered insurer Hiscox has brought an action in a US district court in Illinois to avoid paying further legal defence costs for a company alleged to have sold human body parts for profitRead more


Insurance Europe warns on ‘collective redress’ overreach

19 December 2017

Industry association Insurance Europe has warned that European Commission efforts to overhaul 2013 rules for group litigation could be detrimental to insurersRead more


Wells Fargo warned over California insurance licences

7 December 2017

California regulators have put Wells Fargo on notice that it may lose its insurance licences following an investigation that began last year into whistleblower allegations that bank representatives had improperly signed up customers for coverage they did not wantRead more


Morrisons data leak ruling may lead to wave of cyber litigation

5 December 2017

Underwriters face the prospect of mounting data protection-related liability claims following a landmark UK High Court judgment against Morrisons, experts have saidRead more


High Court finds Morrisons liable for staff data breach

1 December 2017

UK food retailer Morrisons has been found liable for a data breach caused when an employee leaked staff information, the High Court has ruledRead more


PatNat plans bankruptcy filing in sale to lenders

28 November 2017

Patriot National, the insurance services outsourcer majority owned by former CEO Steven Mariano, plans to seek Chapter 11 bankruptcy protection as part of a deal to be acquired by its secured lendersRead more


Guarantee’s Mariano beset by financial claims

28 November 2017

Guarantee Insurance controlling shareholder and former Patriot National CEO Steven Mariano received transfers from Guarantee for no clear business purpose, weakening the carrier's financial position, a Florida accountant has allegedRead more


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