July 2012/1

The UK Supreme Court has ruled that UK courts have the power to strike out fraudulent insurance claims for abuse of process, but noted that this remains a "largely theoretical possibility"

Two of London's small independent brokers posted full-year 2011 losses last month but remained upbeat about their future prospects...

UK legal reformers have released a consultation on changing business policyholders' disclosure requirements to bolster their rights and to amend warranty law

Claims from the New Zealand earthquakes are causing a number of legal cases that test insurance coverage issues, two New Zealand lawyers told International Underwriting Association (IUA) members in London late last month

The (re)insurance community must face up to the "new reality" of historically low investment yields by seeking out alternative ways of making money, according to senior London market figures at last month's annual CFO Forum.

Professional indemnity insurers are facing a nervous wait over potential claims from the Libor-fixing allegations that have engulfed a number of global banks in London. Barclays Bank's A side policy - placed by Marsh and led by XL - could be exposed...

Trading Risk announced the winners of our 2012 awards, who were revealed last month at a ceremony held in London before an audience of more than 200 convergence market luminaries

The Lloyd's Claims Transformation Programme (CTP) reduced the time taken to process claims transactions in the London market by 44 percent by the end of May, according to a 28 June update from Lloyd's head of claims David Lang.

A new listed ILS fund, DCG Iris, has raised £40.1mn in its initial public offering managed by Dexion Capital

Munich Re has launched a new dual-peril Queen Street Re cat bond in the first ILS issuance since the hurricane season opened

Insurers are renewing their interest in collateralised debt obligations and related structured finance securities as they look for yield opportunities amid a low interest and rating environment

Swiss shuffle; $500mn SAC Re launch; Aviva downsizes; Aon Alliant duel continues; RSA debt; Amlin moves; AIG rebrand; Goldman Sachs downgraded; Labuan Re 123% CR; Sidecar restarts; Bean leaves Brit…