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.

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.

The US-based Association of Insurance & Reinsurance Run-Off Companies (AIRROC) has been in existence for less than three years but its flagship Commutations event has already become...

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.

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

Shares in small Lloyd’s insurer, Heritage Underwriting Agency, peaked on the Alternative Investment Market (AIM) at 119p on 5 October, fuelled by strong interim results and vague rumour of takeover interest in the firm.

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.

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.

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

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

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...

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.