October 2009/1

Ace Europe has extended its oil and gas industry policy to address a raft of new liability exposures facing offshore oil and gas contractors.

As the full impact of the credit crisis hit last autumn, one of the few markets to celebrate was the Asian surety bond market...

The London reinsurance market is gearing itself up for a potential legal battle over claims relating to the US energy giant Sempra, The Insurance Insider understands.

The run-off industry will again look to Scotland later this month to see whether the confusion created by last month's shock Scottish Lion decision becomes clearer after a case management conference, currently scheduled for the 12 October.

The two Bermudian entities linked most frequently when mergers are mentioned are Harborpoint and Montpelier Re...

(Excess) capital is back. Should the industry follow Munich Re’s lead?

A group of Mexican investors who claim they lost their life savings through disgraced Stanford International Bank (SIB) have taken action against six Lloyd’s syndicates, alleging that SIB's Bankers Blanket Bond (BBB) policy covers their $6mn loss.

Amid almost 50 separate US proceedings and dozens of international cases, Allen Stanford's UK and US legal teams are entrenched in an ever deepening dispute over accessing defence funds...

Former Swiss Re trader Al Selius has joined London-based Securis Investment Partners to start a New York office for the firm.

Despite a benign year so far for hurricanes in the Gulf of Mexico (GOM), Bermudian energy mutual OIL Insurance Ltd has bowed to pressure from members by introducing substantial changes to its windstorm programme.

Swiss Re has launched a three-year $250mn Mexican wind and earthquake cat bond, as first predicted by our sister publication Trading Risk.

Lloyd's declared pre-tax profits for the market of £1,322mn for the first half of 2009, up 39 percent on the previous year.