Legal

Valic is a Houston-based life insurance business specialising in retirement plans for teachers.

An order putting the carrier into liquidation has been amended, removing allegations of illegal actions and insolvency.

The US broker's unsuccessful court case against Ardonagh has exposed cultural problems that must be addressed.

Mr Justice Freedman singles out Gallagher’s UK CEO Simon Matson as “partisan” and “quick to anger”.

The judgment brings to a close a bitter poaching suit.

Four former JLT Specialty USA employees who moved to NFP say they are struggling to learn more details of the allegations against them.

Holtmeier and two other former employees were accused of violating non-solicitation provisions and accessing trade secrets.

Politics is dominating much of the news agenda on both sides of the Atlantic. In the UK, it is the continuing issues arising out of Brexit, while in the US, we are now some 13 months from a presidential election and the debates are heating up.

Repeated increases to co-shares and deductibles mean there is no guarantee of market stability after a terrorist attack.

The carrier’s results deteriorated this quarter after reserve strengthening in liability lines.

The rejection of the deal throws a wrench into Menzies’ plan to buy back the insurer he founded from majority owner Berkshire Hathaway.

Carriers have so far paid out for $6.7bn of losses from the natural disaster.