Legal
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 week… Read 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 Society… Read 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 shareholders… Read 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 year… Read 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 fires… Read 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 battle… Read 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 gain… Read 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 policy… Read 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 State… Read 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 understands… Read more
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