June 2009/5

Economic consultant NERA has found that the volume of credit crisis-related litigation exploded by 172 percent in 2008...

The biggest risk to prospects of recovery from the recession and global economic slump is the potential for the global bond market to break down, according to Standard & Poor’s (S&P) chief European economist, Jean-Michael Six.

The International Association of Insurance Supervisors (IAIS) took a step forward in its attempts to strengthen co-ordination between international insurance regulatory bodies at the close of its triannual meeting...

The growing popularity of quota share reinsurance as a form of underwriting capital was underscored with news that Bermudian (re)insurer Flagstone Re is the leader on the £50mn transaction that enables Lloyd's insurer Chaucer Holdings to...

Legendary investor Warren Buffett doused hopes of a fast recovery in the US economy, saying he sees no sign of a rebound in the businesses his Berkshire Hathaway conglomerate backs.

French composite insurer Groupama SA has had its insurer financial strength and long-term counterparty credit ratings cut by Standard & Poor's (S&P) from A+ to A on "weakened capital".

Goldman Sachs partner Michael J. Millette was heralded as the Outstanding Contributor of the year at the inaugural Trading Risk awards dinner on the 25 June, held in London.

Equitas, the legacy albatross that has hung around the neck of Lloyd's Names ever since its creation in 1996, can now be formally detached after the UK High Court approved the transfer to a new company, Equitas Insurance Ltd, on 25 June.

The proposed Scottish Lion scheme of arrangement returns to court next month, in a hearing that will determine what impact a dissenting minority of policyholders may have on the initiative.

Hiscox plc is leading a flurry of proposed bids among Lloyd's (re)insurers to expand their 2010 capacity in order to take advantage of anticipated good trading prospects and the stronger dollar.

Hannover Re and Munich Re last week released estimates of their exposure to the largest man-made loss of the year - the 1 June Air France crash in which 228 people died.

Fairfax Financial Holdings Ltd has been told by US regulator Securities and Exchange Commission (SEC) that its three-year long investigation into the firm is now closed and it will not recommend any enforcement action.