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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...
  • Stephen Matanle, the long-standing Marsh executive who left the firm last month as part of a widespread restructuring, has joined Libero, the new Lehman Brothers business which is spearheading collaboration...
  • Shares in XL Capital have continued their steady decline as doubts linger over the Bermudian's sub-prime related exposures and its long-term strategy and leadership.
  • 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.
  • US property catastrophe specialist RenaissanceRe has slashed its Californian earthquake exposures by 75 percent because it believes rates no longer reflect the risk of a major catastrophe.