MGAs/MGUs [DEMO]

AXA criticised in film finance dispute

The long awaited judgement in the AXA/George Litto film finance case was handed down last month and, as the insurer feared, the presiding Judge has shown himself almost contemptuous of the insurer's arguments. AXA alleged that its former employee Jean Mic

01 June 2002

US Senate passes terrorism Bill

The United States Senate has passed legislation by an 84 to 18 vote that will assist insurers in the event of a catastrophic terrorist attack.

01 June 2002

ACE and Aon settle Australian reinsurance dispute

Agreement ends years of dispute over John Charman’s reinsurance programme After a month of proceedings in the High court, lawyers from ACE, Aon and Gordian - the run-off company for Australian reinsurer GIO - have entered into a confidential settlement

01 June 2002

Lloyd's bails-out Cox

Despite a disturbing lack of debate, Lloyd's involvement in the Cox rescue package is a victory for common sense and pragmatism, says The Insider Despite setting an extraordinary precedent, Lloyd's ring-fencing of loss-struck insurer Cox Insurance is r

01 April 2002

Enron to buy new D&O programme from London

Enron's new directors will be able to purchase directors and officers insurance, after the US bankruptcy court gave permission for funds to be released to pay the premium earlier this month.

01 April 2002

John Hancock sues Enron

US insurer John Hancock has filed a class-action complaint against 27 Enron directors and officers and auditor Arthur Andersen in a Houston Federal Court.

01 April 2002

XL Winterthur launch WTC suit

Wintherthur International America Insurance Co, a subsidiary of XL Capital, has filed a suit against aviation parts manufacturer Goodrich Corp after it claimed for lost revenues due to the 11 September attacks.

01 April 2002

SCB's Realm National wins Hancock arbitration

An arbitration panel has ruled in favour of Realm National, Stirling Cooke Brown's C++ rated property and casualty reinsurer, in its dispute with John Hancock over a workers' compensation carve out reinsurance.

01 April 2002

St Paul to stop reinsuring Lloyd's central fund

St Paul, one of the giant corporate capital providers to Lloyd's thought to be cooling about its involvement in the market, will not renew its reinsurance of the Central Fund when the policy expires next year.

01 April 2002

Brokers' E&O exposures/costs rocket

The cost of buying Errors and Omissions coverage for insurance brokers has spiralled in recent months, due to significant exposures and claims arising in particular from the larger broking houses.

01 April 2002

Beazley plans Bermuda move

One of the few remaining independent Lloyd’s insurers plans to raise private equity capital in expansion drive The largest independent Lloyd’s agency Beazley is planning to raise capital from a consortium of private equity firms as part of a fund raisi

01 April 2002

Dennis to the rescue

Aon's Dennis Mahoney has become involved in Combined's $100m WTC dispute with Lloyd's Dennis Mahoney, the rumbustious docker's son and head of Aon's UK operations, has been charged with responsibility for cajoling Lloyd's underwriters into paying the e

01 April 2002