December 2004/1

RISK executives criticised in court defeat - but agency fights back with press A heady cocktail of collusion, doctored documents and "implausible" testimony came to light last month after judgement was handed down in a fraud dispute between German rein

Broker Aon has stated the potential impact of a mammoth round of energy litigation currently underway in the Royal Courts of Justice. As reported in the March edition of The Insurance Insider, the case was brought by oil giant BP against Swiss Re, AIG,

Lloyd's-backed platform side-lined as broker goes to market with its own connectivity Brokers Aon is set to shake up the London Market IT consensus by launching an alternative to Kinnect, the Lloyd's funded platform designed to allow electronic transf

In our regular monthly News Digest, we round up key stories from the last month, presenting them to you in easily digestable snippets.

In our regular monthly News Digest, we round up key stories from the last month, presenting them to you in easily digestable snippets.

Despite concerns that downwards pricing pressure is building in many property catastrophe lines, cash-rich hedge funds are increasingly drawn to the perceived high reward reinsurance sector. In addition to providing private equity capital to back star

Benfield-advised European reinsurer Glacier Re set to launch next year The legendary investor George Soros is backing a new $300mn European reinsurer that will target specialist lines in areas such as aviation and marine, The Insurance Insider can reve

Companies subpoenaed but observers divided over impact of latest regulatory probe The spectre of Spitzer spread to the practise of finite (re)insurance last month, as several companies, including Swiss Re, Ace, St Paul Travelers, Platinum Underwriters

Litigation epic bears bitter sweet fruit for leaseholder with potential $1bn gain The jury in the second round of WTC insurance litigation has delivered its verdict in favour of the building's leaseholder Larry Silverstein. The decision, which the j

New evidence has come to light of the use of off-balance-sheet transactions by insurance giant AIG. The allegations, published in industry newsletter Inside Bermuda, relate to offshore structures in Barbados and Bermuda used by AIG in the 1980s to circ

Recently merged US insurance giant St Paul Travelers faces losses over and above the $252mn reserve it set aside for a surety exposure on the so-called "Big Dig" project, according to analysts at Lehman Brothers. In a note, equity analyst Chris Winans hi

A year after the UK regulator Financial Services Authority issued a consumer warning against the dubious insurer Centennial Insurance Company - or CIC - the British Columbia Financial Institutions Commission ordered the company to stop doing business in t