November 2009/2

A lot can happen in four years but, one way or other, Royal Bank of Scotland will have sold its P&C insurance operations, RBS Insurance (RBSI), by 2013.

Our monthly column keeping a check on recent US and EU legislative and regulatory developments, in association with Sidley Austin LLP.

US insurers Seaton Insurance Co and Stonewall Insurance Co's long-running case against Randall & Quilter (R&Q) founder Ken Randall is approaching appeal.

The broking giant and AIG were served with a lawsuit by US commodity producer and distributor Seaboard Corp at the end of October.

The Lloyd's insurers of the directors' and officers' (D&O) policy held by the disgraced Allen Stanford have been compelled to acknowledge coverage.

Moody's and Standard & Poor's (S&P) must respond to fraud charges accusing them of masking the risks of the collapsed Cheyne Structured Investment Vehicle (SIV).

Fairfax Financial Holdings (FFH) has described the shareholder class action suit filed against it over the acquisition of outstanding minority interests in OdysseyRe as a "nuisance suit".

Just under 200 investors, advisors and sponsors gathered in New York for Trading Risk's annual executive briefing last month to discuss market issues.

Malawi and Caribbean countries may be the next to access the World Bank's new ILS template for developing nations, after the $290mn MultiCat Mexico 2009 transaction closed.

Industry loss warranty (ILW) volumes in Q4 have been boosted by livecat trading during October's Typhoon Melor and the purchase of Europe-exposed and US quake peril contracts.

In a landmark decision, a UK High Court Judge has ruled that Berkshire Hathaway’s run-off vehicle Equitas may recover reinsurance losses based on modeled calculations of the notorious LMX spiral from Randall & Quilter (R&Q)-owned reinsurer Brandywine.

French reinsurance group Scor is understood to be contemplating a new cat bond in the Atlas series, while leading ILS manager Goldman Sachs is working on three ILS...