October 2007/2

Global reinsurance broker Guy Carpenter has pledged to “vigorously defend” a series of devastating allegations launched by Connecticut attorney general Richard Blumenthal who claims the intermediary violated...

Despite asset-backed securities remaining persona non-grata in the financial markets after the sub-prime crisis, the emerging insurance-linked securities (ILS) sector should shrug off the current woes...

Newly-listed Tawa plc said its first set of results since its initial public offering (IPO) on London's Alternative Investment Market were "on track".

Run-off insurer Alea Group Holdings has received a one-time payment of $203.6mn to "fully and finally" commute all exposures with its Bermudian neighbour Max Capital.

The proposed Schemes of Arrangement for the 14 WFUM Pools Scheme Companies was sanctioned by the UK High Court on 17 September.

EU highlights conflict of interest in broker model; Long-term contracts can be anti-competitive...

Run-off purchaser Ruxley Ventures is expected to outline a pioneering financing technique at a business transfer court hearing this month for the firm’s proposed acquisition of Generali Assurances Generale (GAG).

The trial of three former Independent Insurance executives is drawing to a close in London with the jury expected to start considering its verdict by 21 October, according to the Serious Fraud Office (SFO).

EU hints on intervention; Bermuda’s Maiden reinsurer poised for $500mn+ IPO; Court dismisses major US RICO suit; AmWINS withdraws IPO; Ariel Re buys US admitted carrier...

A facultative reinsurance team from London Market broker SBJ Group Ltd may follow the heads of the GCFac team that defected to rival Integro Ltd, according to legal documents obtained by The Insurance Insider.

JLT linked with FirstCity; Rivals 'seriously worried' after Towergate buys IT provider; Solicitors PI rates slide; Lightyear backs £135mn start-up Antares syndicate...

Indemnity style triggers have become an established feature of insurance-linked securities (ILS) and the trend is likely to continue, predicted the president of Aon's capital markets division, Paul Schultz.