March 2008/2

In an important ruling, the UK’s Court of Appeal has overturned last year's decision in the "follow the settlement" case between reinsurers WASA International Insurance Company Ltd (WASA) and AGF Insurance Ltd against...

As Ron Sandler, chairman of Bermudian insurer Ironshore Ltd and the former CEO of Lloyd's, takes the helm at newly nationalised UK bank, Northern Rock, the bank's directors' and officers' (D&O) policy looks set for a total loss.

Venture capital firm 3i Quoted Private Equity Ltd (3iQPEL) has acquired 1.7 million shares in AIM-listed UK broker Jelf Group plc, taking its stake in the firm to 27.9 percent.

Towergate's executive chairman Peter Cullum is reportedly in talks with private equity group Candover over the potential sale of a 25 percent stake in the intermediary.

American International Group's (AIG) assertion that the giant $11.12bn pre-tax write down on its credit default swap (CDS) book will reverse over time has done little to arrest the sharp slide in its share price.

A surge of reinsurance-to-close (RITC) deals is set to slash the number of open years at Lloyd's, providing finality for third party investors including the legions of Lloyd's Names who underwrote on the syndicates now effectively in run-off.

Rod Fox has teamed up with his former EW Blanch colleague Ted Blanch to launch a "private boutique" reinsurance broker to compete on large account business with Benfield, Guy Carpenter and Aon.

John Cavanagh, joint CEO of reinsurance intermediary RK Carvill, has moved to Bermuda in a bid to increase the firm's distribution on the island and further expand into the US market.

Lloyd's insurer looks poised to become the next overseas acquisition with new interest from Bermudian predators

Brokers are becoming embroiled in the West’s growing scrutiny over overseas business standards

New York state governor and former attorney general Eliot Spitzer has been caught arranging to meet a high-priced prostitute at a Washington hotel last month, according to reports from the New York Times.

A significant reduction in the UK's run-off market has driven a EUR2bn decrease across Europe, according to a recent survey.