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China IPO cases triple in 2011
The number of US lawsuits filed against Chinese companies listing on US exchanges rose almost threefold in 2011 to 62 cases, up from just 24 in 2010, according to Advisen's securities litigation report.
08 February 2012
UK insurers face higher regulation costs
UK general insurers face a minimum increase of 36.7 percent to their levies from the Financial Services Authority (FSA)
08 February 2012
M&A lawsuits reach peak in 2011
Lawsuits alleging breach of fiduciary duty in M&A situations have driven securities litigation cases to a new high in 2011, US insurance analyst Advisen has said
08 February 2012
Second legal blow for BP on Deepwater case
BP has been dealt a second blow in as many weeks after a judge ruled that the UK oil giant must indemnify Halliburton for third party compensation claims arising from the Deepwater Horizon oil spill
08 February 2012
Allstate can’t sue BofA over mortgage losses
US insurer Allstate has received a legal setback after a California court ruled that it could not hold Bank of America (BofA) liable for the toxic assets the insurer bought from Countrywide Financial Corporation (CFC)
08 February 2012
Soc Gen sues insurers over missing bullion claim
French banking colossus Societe Générale (Soc Gen) is suing a host of London-based insurers over a $500mn claim for missing gold bullion that the insurers claim they are not liable for
08 February 2012
Europe’s appetite for run-off M&A slowly grows
The parent company of European legacy consultant Chiltington Group has purchased parts of a run-off portfolio from SV SparkassenVersicherung Holding AG (SVH), providing fresh evidence of the growing use of legacy solutions in continental Europe
08 February 2012
NKSJ’s Thai loss hike expected to be a one-off
Reinsurers do not expect Japan's other "big three" members, MS&AD and Tokio Marine, to follow NKSJ's lead by dramatically increasing their Thai loss number.
08 February 2012
Eagle Star sale could be postponed until Q2
Zurich Financial Services (ZFS) could delay the auction process for the expected disposal of its legacy UK insurer Eagle Star until the second quarter, according to market sources
08 February 2012
International digest
US P&C rates continue to rise; Transatlantic approves; $3.5bn mining crunch; Validation; Tokio Marine rewarded; European M&A rise; Axis move; Starr Wars; Brown & Brown reaches $1b; Ironshore moves; Liberty claims; Integro hits $100mn
08 February 2012
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