Legal
-
A suit would be a major test of legislation making insurers liable for losses arising from the late payment of claims. -
Commercial real estate investor Capital Crossing said Mapfre paid only $2.6mn after it reported damage to 228 insured locations.
-
The Puerto Rican carrier pegs the claims it is fighting to recoup from reinsurers at $56mn.
-
The company is fighting a lawsuit filed by KBW over the delisting of $1.2bn in preferred securities from the NYSE in connection with a buyout.
-
The carriers pledge to resolve a coverage dispute quickly as advisory firm Mactavish maintains they botched an investigation into a £30mn claim.
-
The syndicates faced allegations that they conspired with brokers to rig the US commercial insurance market.
-
Arch Capital backed hedge fund carrier’s outlook graded “stable”.
-
The jurisdiction remains on the grey list, pending work on collective investment funds.
-
Jonathan Evans, a former insurance lawyer, will take over after Lord Hunt steps down in December.
-
Jim Beck is accused of reaping $2mn in illegal proceeds through a fraud involving the Georgia Underwriting Association.
-
The firm has announced a first-quarter net loss of $37mn bringing common equity down to just $120mn.
-
The ratings agency has urged ILS fund managers and reinsurers to improve their levels of pricing differentiation.
Most Recent
-
Aspen shares soar on news of Sompo takeover interest
20 August 2025 -
Sompo came close on Axa XL Re deal before Aspen talks
20 August 2025 -
Westfield Specialty International COO Zora exits
20 August 2025 -
Daily Digest: Top news from 20 August
20 August 2025