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Alea says farewell to London listing
Alea, the run-off reinsurer controlled by New York buy-out firm Fortress, is to de-list from the London Stock Exchange some five years after it was effectively forced to stop underwriting.
22 November 2010
California overturns CRC damages award against ex-broker
The damages that US wholesaler CRC Insurance Services was awarded against a former star broker who allegedly fabricated sales figures has been overturned by a California appeals court.
22 November 2010
Willis hit by another Stanford lawsuit
The barrage of litigation that Willis has faced from the Allen Stanford affair since 2009 has continued, the broker's last quarterly SEC filing has revealed.
22 November 2010
Lonmar agrees £1mn+ legal fees settlement with Tysers
Lonmar Global Risks has settled with fellow London independent Tysers for court costs arising from a staff poaching trial that ended with all claims being dismissed, The Insurance Insider revealed.
22 November 2010
Mariah Re storms ahead raising $100mn
Mariah Re, the first cat bond to focus solely on US thunderstorm risk, has closed fully placed, raising $100mn for new sponsor American Family Mutual Insurance.
22 November 2010
Stanford’s lawyers sue Lloyd’s for unpaid fees
The Sydow Firm is suing Lloyd's of London and the Society's legal representative Akin Gump Strauss Hauer & Feld over unpaid legal fees relating to its defence of former Texan billionaire Sir Allen Stanford.
22 November 2010
Investors seek ILWs to counter low-risk cat bonds
Buyers of industry loss warranty (ILW) instruments are seeking more risky exposure to European wind to provide balance to the run of low-risk new cat bonds that have been issued in recent months.
22 November 2010
Willis UK head adds global COO role to duties
Willis UK head David Margrett will take up the role of president and chief operating officer of Willis Global in addition to his existing responsibilities, The Insurance Insider has learnt.
22 November 2010
Howden signs financial lines partnership in Mexico
Howden Broking Group has agreed a partnership with Mexican consultancy Financial Lines Advisory Group (Flag) to develop a range of financial lines products for the Latin American market.
22 November 2010
Gulf region returns to high growth
Growth in the Middle East is back on track after the 2008-09 construction slump hit the region's nascent insurance industry.
22 November 2010
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