Legal
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NatGen allegedly collected $500mn associated with the fraud. -
Beazley has two days to amend its complaint, correcting jurisdictional deficiencies.
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The Bermuda courts will assess Onex’s lower, revised offer for the fronting unit.
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MGAs are looking hard at capacity arrangements for fear of regulatory action.
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Crystal Palace, Aston Villa, Brighton & Hove Albion and West Ham have reached a settlement.
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The funding practice has led to a dramatic increase in claims amount, which in turn pushes up rates.
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BOC is believed to be the first lessor to publicly disclose a settlement with its (re)insurers.
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Insurers claim that damage from the “detonation of an explosive” is also excluded.
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The agreement from Fleming to honour original terms still leaves it open to long-term damage.
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Fleming had attempted to land ~$78mn in ‘economic concessions’ on the deal.
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The six execs left Acrisure for rival broker Woodruff Sawyer in March.
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