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November 2011/1

  • A New York court has tossed out two mega-cases brought against US banks JP Morgan Chase and UBS that sought compensation for Bernard Madoff's colossal Ponzi scheme
  • Lloyd's cautious stance ahead of Solvency II implementation and the soft market are being cited as reasons for the lack of 1 January syndicate start-ups
  • Clive O'Connell, the former head of commercial risk and reinsurance at BLG, has left the organisation.
  • The largest ever UK legal merger between Clyde & Co and Barlow Lyde & Gilbert (BLG) is causing rivals to face up to harsh realities
  • The US Treasury department has announced the 15 members of the Federal Advisory Committee on Insurance. They include Brian Duperreault, president and CEO of MMC, and Lloyd's general counsel and director of North America, Sean McGovern.
  • The protracted reform of the National Flood Insurance Program could face further delays due to the Senate's current legislative timetable.
  • Tokio Millennium Re is set to offer medical malpractice as its next new line of business, The Insurance Insider can reveal
  • A report by the US government spending watchdog has questioned whether regulators had suitable regard for minimising the cost to taxpayers in picking up the AIG tab
  • Rebranded and upgraded reinsurer Sirius America Insurance Company (SAIC) is set to selectively offer insurance paper alongside its core reinsurance business, The Insurance Insider can reveal
  • Finance ministers should not hinder the insurance industry's ability to support economic growth and development says the Geneva Association
  • Brit Insurance is looking to write bigger lines and take up lead positions on programmes, The Insurance Insider understands
  • Changes in global financial regulations could engrain unforeseen risk into the global (re)insurance sector, according to the Geneva Association