December 2007/2

A recent UK High Court decision has outlined the dangers to reinsureds of making misrepresentations to their reinsurers either directly or through a broker.

US prosecutors have named Berkshire Hathaway chairman Warren Buffett as a witness in the criminal trial of former General Re and American International Group (AIG) executives.

Reinsurers have been ordered to settle a $57mn disputed all risks reinsurance claim with global mining giant Anglo American's captive insurance company Coromin.

Members of a personal accident (PA) team dismissed by Imagine Group's Danish Re after handing in their notice are suing the reinsurer for unfair dismissal.

Loss-hit cat bond Kamp Re 2005 is in "uncharted waters" following the move by the bond’s administrators to extend the original maturity date, according to Zurich Financial Services...

The world's largest interbroker-dealer ICAP plc and insurance broker JLT Group plc have launched their joint venture to establish an insurance based derivatives and securities broking platform, subject to FSA approval.

Erik Manning has left ABN Amro's insurance and weather derivatives group to join rival Deutsche Bank...

The industry will continue to securitise (re)insurance risk despite the continuing prospect of falling rates.

French (re)insurers Groupama SA and SCOR SA have both issued Euro denominated cat bonds.

With year end fast approaching, sidecar participants are beginning to take action on the renewal of the remaining capacity due to expire in the next few weeks.

Aon Corp has hired an outside law firm to investigate its compliance with anti-bribery laws, the company revealed in a Securities and Exchange Commission (SEC) filing last month.

UK broking consolidator, Towergate Partnership agreed a £95mn cash offer for Yorkshire-based Broker Network Group last month, valuing the firm at almost four times revenues.