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Aon ‘laptop in the pond’ settlement ends another London hiring spat
Aon's out-of-court settlement of its "laptop in the pond" poaching dispute with Marsh ended the prospect of another acrimonious and protracted legal wrangle
11 November 2010
Brokers poised for £2.5mn poaching verdict
London market brokers Tysers and Lonmar Global Risks are counting the days until a UK court verdict on a £2.5mn poaching case.
11 November 2010
Arbitration defeat threatens Florida’s Royal Palm
The future of Royal Palm Insurance has been cast into doubt after an acrimonious dispute with its founder Wallace "Locke" Burt ended in a $28mn arbitration defeat.
11 November 2010
Defence costs eat into Lehman Brothers $250mn D&O cover
Failed investment bank Lehman Brothers' $250mn directors' and officers' (D&O) liability programme is rapidly being eroded by defence costs as the firm's bankruptcy filing rumbles on.
11 November 2010
New York call for capital markets innovation
The ILS sector must innovate to compete with traditional players as the two markets encroach on each others' territory, according to speakers at the annual Trading Risk New York gathering last month.
11 November 2010
Top Layer Re sidecar promoted to stable
Standard & Poor's (S&P) has posted a stable outlook on State Farm and RenRe's $100mn joint venture sidecar-style transaction Top Layer Re, matching a recent action on State Farm.
11 November 2010
Scor targets ILS with $100mn for Atropos fund
Scor is the latest (re)insurer to set up its own insurance-linked investment fund, setting aside $100mn of seed capital for a dedicated fund that will be known as Atropos.
11 November 2010
European windstorm model promises change
Convergence executives are hopeful that recent revisions to AIR Worldwide's European windstorm risk model will be positive for the insurance-linked securities (ILS) market.
11 November 2010
American Family launches first US thunderstorm bond
Three new catastrophe bond issuances at the start of the third quarter included the first solo US thunderstorm bond from a sponsor new to the market.
11 November 2010
Battle rages for Hardy hearts and minds
The fiercely independent Hardy board and the management of would-be acquirer Beazley are battling for the hearts and minds of Hardy's key investors.
11 November 2010
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