October 2007/2

Jonathan Thomas, the former underwriter of personal accident (PA) specialist Syndicate 1607, has joined the Munich Re backed Watkins Syndicate.

Major US insurer Metlife has secured a five-year non-cancelable contract to write the US National Basketball Association (NBA) sports disability insurance programme, according to senior market sources.

Switzerland is fast becoming the location of choice for companies looking to access the Continental European (re)insurance market.

In a move that carries on the trend of multi-national companies relocating within Europe, US insurer Chubb Corp is to redomicile its European holding company from Brussels to London.

London Market-fronted binding authorities specialising in the mortgage banking market look set for a hit from directors and officers (D&O) claims arising out of the sub-prime debacle.

Investment bank to structure adverse development cover ILS products

Bermuda is set to welcome Iron Re – a class 3 (re)insurer for corporate asbestos liability risk backed by hedge funds – according to documents seen by The Insurance Insider.

Crucial test for 2008 prospects as specialist vehicles reach crossroads; prospect of disputes emerging?