Legal

Maiden is set to enter settlement talks with its former COO Bentzion Turin, who has spent the best part of the last decade maintaining that the beleaguered reinsurer committed fraud in a key $260mn transaction in 2009.

Assurant has named Carey Roberts as its new chief legal officer, replacing the retiring Bart Schwartz.

The chaos unleashed by the UK government's decision to alter the Ogden discount rate in February has continued this week, as another round of earnings results has laid bare the impact on (re)insurers

The Financial Reporting Council (FRC) has sanctioned a Deloitte actuary after he admitted to misconduct during his time working for Lloyd's motor insurer Equity Syndicate Management Limited (ESML), now ERS

National General CEO Barry Karfunkel faces a grilling from a bipartisan group of US senators who want some answers on how the carrier contributed to Wells Fargo’s collateral protection insurance scandal in which over half a million borrowers were charged for auto cover they did not need.

Global Bankers Insurance Group, a subsidiary of conglomerate Eli Global, has been revealed as the buyer of Beechwood investment management units, while its Caymans-based reinsurance operation has been placed in receivership.

One of Marsh's vice presidents has filed a legal complaint accusing the broker and her boss Paul Evans of destroying her career after subjecting her to a "pervasive atmosphere" of gender- and race-based hostility.

National General may have seen Balboa as a bargain when it acquired the lender-placed insurance business from QBE in late 2015

National General is facing a subpoena from New York State regulators over its role in the latest scandal to hit Wells Fargo.

The rapper Kanye West is suing his contingency insurers, including Lancashire-owned Cathedral, for $10mn in a claims dispute

US healthcare diagnostic firm LabCorp has initiated legal action against AIG Specialty and Liberty Mutual after the insurers refused to pay out on a $10mn policy over the company's loss of a class action suit.

A cohort of hull underwriters led by Aspen have lost their appeal to sue the banker of Turkey-based Kairos Shipping in an English court to recoup a $22mn payment for a ship that was later judged to have been scuttled.