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  • US insurer The Hartford Financial Services Group has filed a lawsuit against Bermudian Arch Insurance and three former employees, claiming Arch "conducted an unlawful corporate raid" by hiring over 60 managers, underwriters and employees from...
  • The London market has to be "willing to strive, to improve, to challenge, to change" if it wants "all roads in insurance to lead to London", according to Dan Glaser.
  • London market insurers are facing a series of claims from insuring US bail bond firms, The Insurance Insider can reveal. One of the worst culprits appears to be the Capital Bonding Corporation, a Pennsylvania based firm whose principals have been sudd
  • UK regulator the Financial Services Authority (FSA) has issued a consultation paper on a proposal to make it easier to trace employers' liability (EL) insurers.
  • Insurers will not be affected by draconian new EU legislation that restricts the cash element of bankers' bonuses to 30 percent of their salary, according to the Financial Services Authority (FSA)'s new remuneration code.
  • Everest Re Group's approach to buy Kansas-based managing general agent (MGA) Heartland Crop Insurance Inc (HCI) is the latest in a flurry of M&A activity in a US agricultural insurance sector still seen to offer attractive underwriting opportunities.
  • Lloyd's is keen to encourage more so-called turnkey operators to enter the market following RenaissanceRe's acquisition of the specialist provider Spectrum Syndicate Management last month.
  • Quoted Lloyd’s insurer SVB announced this morning (17 November) a £50mn capital raise to fund an increase in capacity to £502mn, backing a new team of former PRI underwriters recently recruited from Brit.
  • Laptop, The Insider's resident Lloyd's Name, analyses the proposed Lloyd's reforms and explains why he voted 'No' at the 12 September Lloyd's EGM On 19 July, 16,000 copies of the 56- page Consultation Document were distributed by Lloyd's. The document
  • Advisors appointed to discuss "strategic options" which include a possible sale; concerns over reserve adequacies; space shuttle loss and The Accident Group; future of Syndicate 102 in doubt; share price falls by 30 percent Following reassurances from