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May 2004/3

  • One of the last remaining LMX reinsurance disputes was finally settled when the Honourable Mr Justice Colman ruled in favour of retrocessionaires over the 1989 Exxon Valdez oil spill in the UK High Court.
  • US regulators’ investigations into broker commission kickbacks has widened with news that the Connecticut Attorney-General Richard Blumenthal has launched a parallel investigation alongside that of the campaigning New York A-G Eliot Spitzer.