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  • Legal news in brief
    Insurers resist ‘grossly inflated' Stanford fees; BP fights insurers' move to New Orleans; Great American leads $150mn AIG D&O cover; 11 leave Addleshaw to start boutique
    11 October 2010
  • AmWins pursues Ryan’s RSG for damages
    US broker Amwins has filed a fresh lawsuit against Pat Ryan's wholesale start-up R-T Specialty to pursue damages for "misappropriation of trade secrets" after a senior broker defected.
    11 October 2010
  • Plaintiff bar victorious in California dispute
    In the perennial battle between the plaintiff bar and the (re)insurance industry the attornies won a decisive victory in California this month.
    11 October 2010
  • UK industry split over Court of Appeal asbestos ruling
    A long-awaited UK Court of Appeal ruling on asbestos trigger litigation has sparked division among the UK (re)insurance community.
    11 October 2010
  • Berkshire Hathaway thickens plot in bitter Seaton & Stonewall saga
    The hostile dispute between US run-off insurers Seaton and Stonewall and UK-based Randall & Quilter (R&Q) and its founder Ken Randall is set to go to trial, despite Berkshire Hathaway's surprise purchase of Stonewall.
    11 October 2010
  • R&Q builds US platform with $10mn acquisition
    UK-quoted legacy acquisition firm Randall & Quilter (R&Q) has obtained a significant US platform after paying $10mn for Guy Carpenter's US/UK run-off businesses Resolution Solutions (RSL).
    11 October 2010
  • London broker legacy unit launched
    UK-based legacy group Global Reinsurance Consultants has launched a legacy broking service targeting London market business.
    11 October 2010
  • Ruxley completes Canadian transfer
    UK-based specialist insurance investment boutique Ruxley Ventures has received the go-ahead from the Canadian regulator to transfer a legacy book to German run-off acquirer Global Re.
    11 October 2010
  • UK non-life market shrinks
    KPMG heralded a "new era" for the UK non-life legacy business after reporting that the value of liabilities decreased by 21 percent year-on-year in 2009 to £29.7bn, as long-tail claims were settled more quickly than new liabilities were created.
    11 October 2010
  • EAUA schemes ahead
    The UK High Court has sanctioned the solvent scheme of arrangement of the English and American Underwriting (EAUA) Pools.
    11 October 2010
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