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October 2007/3

  • The 1 October renewal season saw competition-driven rate reductions for solicitors’ professional indemnity insurance for most law firms in the UK.
  • 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.
  • 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).
  • 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...
  • 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...
  • The Association of British Insurers (ABI) has called on the UK government to take action on flood risk following this summer’s events.
  • Forecasters at Colorado State University (CSU) research team are predicting above-average hurricane activity for the last two months of the season.
  • 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.
  • 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
  • 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.
  • 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.