October 2007/3

The Barlow Lyde & Gilbert’s (BLG) commercial litigation team that worked on the defence of Equitable Life’s £2.6bn claim against Ernst & Young is leaving the firm to join rivals Mayer Brown.

Independent Lloyd's broker Howden is building a team to strengthen its general liability practice.

Broker Willis Group Holdings has increased its Swiss presence with a deal to buy Burkart Risk Consulting & Partner AG.

How the jury interprets the words of Independent Insurance's former CEO Michael Bright and other key witnesses will be key to the outcome of the trial, according to the summing up of Judge Rivlin.

Corporate asbestos liability risk Bermudian class 3 (re)insurer Iron Re is set to launch by the end of the October - as revealed in The Insurance Insider this month.

Errors and omissions (E&O) claims arising out of the sub-prime crisis and subsequent financial markets liquidity crunch are likely to “dwarf” directors and officers (D&O) claims, according to Greg Flood, president of Ironshore’s subsidiary, Ironpro.

Fitch has lowered its outlook for the German non-life and life insurance to negative from stable reflecting the ratings agency view that there will be more downgrades than upgrades in the next 12 to 18 months in the sector.

After hitting Taiwan as a Category 4 storm on 6 October Typhoon Krosa weakened before hitting China forcing the evacuation of 1.4 million people the following day. Krosa made landfall in China near the Fujian/Zhejiang Province border with winds...

Forecasters at Colorado State University (CSU) research team are predicting above-average hurricane activity for the last two months of the season.

Hank Greenberg's Starr International Co has continued to build its relationship with Berkshire Hathaway with the acquisition of the Dallas-based Republic Insurance Co.

The 1 October renewal season saw competition-driven rate reductions for solicitors’ professional indemnity insurance for most law firms in the UK.

London Market insurers Ascot Underwriting and Catlin Group Ltd are leading the cover on a new property facility that will provide up to $425mn of non-catastrophe capacity in the London market for US and Canadian companies.