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Towers and JLT appealing Guy Carp poaching decision
Towers Watson and JLT Re are set to appear in a New York court later this year to appeal against a previous decision that blocked the companies from suing Guy Carpenter after it hired Jay Woods and a team of accident and health (A&H) brokers.
18 August 2014
Stanford class action suits could consolidate
Multiple class action lawsuits alleging that Willis aided financier Allen Stanford and the Stanford International Bank (SIB) in a $7bn Ponzi scheme could be merged after a court hearing due on 21 August.
18 August 2014
Tysers cleared of whistleblowing dismissal
Former Tysers COO Quintin Heaney last week won an unfair dismissal tribunal but the court rejected his claims that he was sacked for blowing the whistle about regulatory disclosures.
18 August 2014
$100+mn Amtrak legacy APH litigation starts in earnest
Dozens of insurers have appealed to a New York court in a bid to avoid "tens of millions of dollars" of historic environmental and asbestos claims stemming from the US railway operator Amtrak.
18 August 2014
Chaucer 1176 leads improved 2012 YoA forecast
Non-aligned Lloyd's syndicates reported an improved aggregate forecast for the 2012 year of account, according to updated results from Lloyd's members' agent Argenta.
18 August 2014
Aviation market resilience tested to the limit: JLT
Leading aviation broking house JLT has warned that while underwriters remain confident about the inherent safety of airlines, another major claim on top of recent losses could cause "extreme market reactions".
18 August 2014
Bermudians grow in Q2, but property cat pressures loom
Top-line growth accelerated for Bermudian carriers during the second quarter, as cheap retrocession and a continued propensity for insurance growth counteracted tough market conditions in reinsurance.
18 August 2014
Man-made losses hit global reinsurers
Although natural catastrophe losses remained relatively low, a spate of man-made claims blemished the underwriting performance of a handful of major reinsurers during the second quarter of 2014.
18 August 2014
Xchanging puts 42 additional claims roles in consultation
UK outsourcing company Xchanging plc has placed 42 additional staff at risk of redundancy as part of the third phase of its transition to the Claims Transformation Programme (CTP).
18 August 2014
Cloutier: Aviation rates will rise
Brit Insurance CEO Mark Cloutier hinted last week that aviation rates could increase by as much as 50 percent in the wake of the Tripoli Airport and Malaysia Airline losses.
18 August 2014
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