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October 2007/5

  • Gen Re's victory last week in its dispute with Arch Capital Group over the poaching of a thirty strong facultative team will encourage employers concerned about their intellectual property walking out of the door.
  • The third annual Rendez-Vous of the Association of Insurance and Reinsurance Run-Off Companies' (AIRROC) last week proved a perfect time to look back at how a number of recent transactions have benefited the sector.
  • Guy Carpenter is likely to file a motion to dismiss the lawsuit launched earlier this month by Connecticut attorney general Richard Blumenthal that has accused the broker of violating the state’s anti-trust and unfair trade practices acts...
  • A US securities-law case, currently being heard in the Supreme Court "could be the legal equivalent of Hurricane Katrina" for professional liability insurers, according to William Wilt, analyst at Morgan Stanley.
  • As reinsurance market practitioners gathered in the town of Baden Baden this weekend, German reinsurance giant Munich Re boldly stated that, for the 1 January 2008 renewals, it predicts markets to be "harder than expected" in certain sectors of the indust
  • Lehman Bros has been given the green light by the Financial Services Authority to begin trading at its subsidiary Libero Ventures Ltd - a new unit that aims to improve capital efficiency for (re)insurers by shifting exposures to the capital markets.