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.

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.

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.

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...

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.

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.

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).