October 2007/3

Benfield Group’s share price saw some of the recent gloss taken off its share price late last week with news that a key executive had sold his entire holding in the reinsurance specialist.

The London Market has the opportunity to play a key role in responding to the challenges set down in the European Commission's final Report on its sector inquiry into business insurance, according to law firm Berwin Leighton Paisner (BLP).

Legacy business purchaser Ruxley Ventures is expected to outline a pioneering financing technique at a court hearing this Thursday into whether to sanction the firm's proposed acquisition of Generali Assurances Generale (GAG).

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.

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.

Chaucer Holdings plc has continued its track record of launching turnkey Lloyd’s operations with the £135mn private equity-backed Antares Syndicate 1274 – to take on the London market portfolio of WürttUK...

It has emerged that Lloyd’s insurers face potential losses from the investment of US trust fund cash in Mainsail II, a structured investment vehicle (SIV) hit by the credit crunch.

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.

Insurance Futures Exchange Services (IFEX), the reinsurance trading platform launched last month by Climate Exchange plc and Deutsche Bank, saw the first trades take place on the exchange last week.

Paul Lumbis, the managing director of Guy Carpenter’s new corporate finance unit, is understood to have begun building his team with the appointment of David Coles as Senior Vice President. Coles is currently Amlin’s head of corporate finance and will bec

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

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.