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Markel/QBE defrauded for 'secret profits'
Markel International and QBE have won their bond fraud case brought against executives of Surety Guarantee Consultants Ltd (SGC) and a former Templeton Insurance director in the UK High Court.
09 June 2008
Lloyd’s considers future after Tolle
Replacing the well-respected Franchise Performance director will be a tough act, but Lloyd's must begin search
05 April 2007
Advent continues focus on LMX as profits
Lloyd's insurer Advent Capital (Holdings) plc revealed a welcome return to profit after the devastations of the 2001 underwriting year. The former BF Caudle agency is forecasting a strong profit of 25 percent on the 2002 year of its Syndicate 780, but
01 September 2003
ICAP and JLT launch brokerage
The world's largest interbroker-dealer ICAP plc and insurance broker JLT Group plc have launched their joint venture to establish an insurance based derivatives and securities broking platform, subject to FSA approval.
06 December 2007
Ohio sues MMC and insurers in Spitzer fallout
The Spitzer fallout continues for Marsh & McLennan Cos (MMC) with the filing of an anti-trust lawsuit by the state of Ohio against the world's largest broker, along with American International Group and three other insurers.
28 August 2007
Class action king pleads guilty
Veteran class action lawyer Bill Lerach, who represented Enron investors and other shareholders suing large corporations, faces up to two years in jail and will be forced to pay $8mn in fines after pleading guilty...
19 September 2007
FGIC splits to hive off losses; MBIA raises $1.1bn to avoid bailout
Bond insurer FGIC Corp has told regulators it wants to break into two in a bid to save its credit rating, according to a New York Insurance Department spokesman.
18 February 2008
AM Best responds to concerns over start-up ratings
AM Best has answered back at concerns raised over its rating of the wave of start-ups descending on Bermuda, highlighting its tough approach to testing the financial viability of companies, and expressing satisfaction with the infrastructures in place.
19 December 2005
Blumenthal joins Kroes in targeting 'best available terms'
Connecticut attorney general Richard Blumenthal has vowed to draw back the "cloak of secrecy" covering the "entire reinsurance industry" following the filing of an anti-trust lawsuit yesterday against global reinsurance broker Guy Carpenter.
09 October 2007
Japanese government ups earthquake limit
The Japanese government will increase its limit for earthquake reinsurance payments for the first time in three years, according to the Daily Yomiuri newspaper.
24 January 2005
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