January 2008/1

The criminal trial of four former General Re executives and an ex-American International Group (AIG) employee is set to start today (7 January) in a Connecticut court.

The California Earthquake Authority (CEA) has once again returned to the capital markets with a $496mn continuation of the Redwood series of cat bonds.

The new version of the German Insurance Contract Law came into force on 1 January 2008 placing more emphasis on consumer rights and information.

Renewable energy insurer GCube Underwriting Ltd (GCUL) and GCube Underwriting Services Inc (GCUS) has opened for business today (7 January) offering up to $600mn cover per project, for onshore and offshore...

Commercial insurance underwriting agency APC Underwriting has signed a "unique" contract within Lloyd's, which combines property, combined liability, professional indemnity, directors' & offices' (D&O) and legal expenses.

Insurance specialists Edwards Angell Palmer & Dodge LLP (EAPD) and London-based Kendall Freeman have completed their merger.

US insurer Chubb Corp has confirmed it will redomicile its European holding company from Brussels to London, as revealed by The Insurance Insider last year.

Island Heritage Holdings Ltd, the Cayman Islands-based insurer that is controlled by Flagstone Re has appointed Garth Macdonald as CEO.

US financial services firm State Street Corp's decision to establish a $618mn fund to cover sub-prime related lawsuits has set alarm bells ringing among directors' and officers' (D&O) insurers offering defence costs coverage.

A duo of proposed special purpose syndicates (SPS) to provide quota share reinsurance to Ark Syndicate 4020 and Hiscox Syndicate 33 respectively have gone live for the 2008 year, Insider Week can reveal.