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US judge rejects S&P’s bid to split up ratings fraud suit
A US court has rejected an attempt by Standard & Poor's (S&P) to divide a fraud suit brought by the government, which alleged that the rating agency knowingly issued false ratings of securities that turned toxic.
22 April 2014
No jury trial in Aspen poaching dispute
There will be no jury trial in the acrimonious case brought by Aspen accusing a former executive vice president of an "orchestrated" attempt to lure its entire casualty team to rival Endurance.
22 April 2014
US terrorism market still affected by Tria uncertainty
The US terrorism risk market is finding it increasingly difficult to price insurance due to the recent uncertainty over the renewal of the Terrorism Risk Insurance Act (Tria).
22 April 2014
Carriers and brokers should prepare for Fatca now: EY
With the 1 July implementation date of the US Foreign Account Tax Compliance Act (Fatca) fast approaching, experts at professional advisory firm EY have urged (re)insurers and brokers to ensure they have systems in place to accommodate the new regulatory demands.
22 April 2014
Pricing tightens on Generali’s Lion Re
Generali's Lion Re European wind bond is set to be one of a handful of cat bonds offering investors insurance premiums of less than 2.5 percent, sister publication Trading Risk understands.
22 April 2014
Heritage to squeeze more out of Citrus Re
Heritage P&C is highlighting Floridian insurers' willingness to buy more reinsurance cover amid falling prices, as it launches a new $50mn offering of its Citrus Re cat bond just days after pricing its first $150mn issuance.
22 April 2014
Airline sector makes a loss in 2013 as rates continue to drop
The airline insurance market fell to a loss last year for the first time since 2010, a trend which is likely to continue this year as rates continue to fall.
22 April 2014
Quindell consults lawyers as share price plummets
Quindell, the insurance-focused UK software and consulting firm, today (22 April) said it was taking legal advice after a critical research note from investment website Gotham City Research sent its share price spiralling downwards
22 April 2014
Aspen hunts for white knight as war for hearts and minds intensifies
Aspen's banker Goldman Sachs has been quietly approaching other possible acquirers for the business as the company's board follows a twin-track approach to fighting off the unwanted attentions of John Charman's Endurance.
22 April 2014
Lloyd’s to focus on consortiums in response to broker facilities threat
Lloyd's will support the development of new syndicate consortia as brokers reduce the number of carriers they deal with, the Corporation outlined in its new three-year plan
22 April 2014
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