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  • Despite a hearing headed by the Pennsylvania insurance commissioner, Diane Koken, last week, ACE Ltd is no closer to knowing whether the proposed controversial sale of three asbestos-riddled subsidiaries...
  • Mitsui Oil & Exploration has announced it will pay $45mn to the US Justice Department and around $25mn in total to Alabama, Florida, Louisiana, Mississippi and Texas for pollution violations, ahead of the Deepwater Horizon trial in two weeks.
  • US pension fund giant the California Public Employees' Retirement System (Calpers) has sued the big three ratings agencies over the rating of structured investment vehicles (SIVs) relating to sub-prime mortgages.
  • Our monthly column keeping a check on recent US and EU legislative and regulatory developments, in association with Sidley Austin LLP
  • Slivers of optimism have appeared within the (re)insurance industry despite last week’s brutal stock market conditions which saw the S&P 500 Property/Casualty insurers index fall 10 percent in just two days as sub-prime jitters...
  • Risk Management Solutions (RMS) has launched new winter storm and severe convective storm models for North America to assess losses from different weather events.
  • As the industry begins to question the reliability of catastrophe loss modellers in the wake of Hurricane Katrina’s devastation, there is still great variation on the estimates of the losses.
  • The spectre of asbestos returned to haunt reinsurance giant Munich Re as it revealed in its full annual report on 20 March a $600mn strengthening of loss reserves for related claims.
  • A US district judge has thrown out a lawsuit filed by now-defunct steel producer Crucible Materials Corp against a group of Lloyd's underwriters, after a longstanding battle over environmental claims.
  • New CFO parachuted in at Willis; Carnegie-Brown goes to Catlin; RMS hires Aon Benfield's Rao...