June 2003/6

Only those that have ability to price and select risk will prosper, says ratings agency Ratings agency Fitch believes that, despite recent sterling results, post-9/11 Bermudian start-ups need to rapidly adapt “to develop the strength to compete with es

D&O insurers for 309 companies facing IPO class actions agreed to a $1bn settlement with plaintiff law firms last week, thereby clearing the decks for the “laddering” dispute between Wall Street firms, their liability insurers and disgruntled investors.

Corporate financiers at Hoare Govett, the London broking arm of Dutch bank ABN Amro, are rounding up investors to back a £50mn plus flotation of a new UK start up, Illium Insurance.