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Mixed results for quoted run-off firms
Investment returns is continuing to be a clear differentiator for the quoted run-off firms that posted a mixed bag of 2010 interim results last month
10 September 2010
Glacier Re slides into run-off
Glacier Re's demise as a live underwriter was completed at the end of August with the announcement that its portfolio of business has been placed into run-off with immediate effect
10 September 2010
Aon Benfield and Guy Carpenter create $1bn+ energy liability facility
In an unprecedented move, Aon and MMC have teamed up to create a facility to offer $1bn+ of excess liability cover to oil companies for control of well and pollution clean-up costs, The Insurance Insider can reveal.
10 September 2010
US resistance to exit solutions thawing?
In a potentially pivotal decision, Rhode Island regulators recently gave an initial green light to the first accelerated US run-off plan
10 September 2010
Run-off M&A simmers through the summer
Innovative restructurings and M&A in the run-off market continued this summer demonstrating that, despite its dowdy reputation, the legacy industry continues to embrace new solutions for dealing with old business
10 September 2010
Willis facing September Stanford showdown
This month is set to be a busy one for litigation connected with the collapse of Stanford Financial Group (SFG) and its alleged $7bn+ Ponzi scheme
10 September 2010
AIG D&O insurers reach $90mn settlement
A further chapter in the spate of litigation unleashed by American International Group (AIG) and its former CEO Hank Greenberg was closed last month, with insurers on the directors' & officers' (D&O) programme agreeing a $90mn settlement
10 September 2010
Bermuda set to welcome another cat reinsurance fund
As the reinsurance industry prepares to converge on Monte Carlo for the annual Rendez-Vous, news emerges of another collateralised reinsurance fund that is set to appear on the island later this year.
10 September 2010
Judgment imminent in Stanford D&O debacle
Disgraced financier Allen Stanford's legal team expects a ruling this month on their battle with Stanford Financial Group's (SFG) London market insurers over payment of legal fees, court documents reveal
10 September 2010
AmWins and Ryan Specialty reach uneasy deal
US broker AmWins has reached an uneasy court-ordered truce with Patrick Ryan's start-up Ryan Specialty Group (RSG) and its new wholesale broking arm R-T Specialty over litigation sparked by a defecting broker
10 September 2010
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