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  • 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
  • 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.
  • 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
  • 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
  • London and international market (re)insurers are set to be questioned as part of a new European Commission (EC) investigation into possible anti-competitive activity among the 13 shipowner mutuals of the International Group of Protection and Indemnity (IG) clubs
  • Lloyd's looks set to keep its capital ratios the same for 2011, despite this year's cat losses and the prospect of Solvency II
  • A new, supercharged European insurance regulator will be up and running next year under a revamp of financial supervision approved by the European Parliament this month
  • Lloyd's has put a "red alert" on six of the managing agents that underwrite in the market because of major concerns about their ability to implement Solvency II
  • Lloyd's has imposed a boardroom overhaul on loss-making Lime Street motor underwriter Equity Red Star's Syndicate 218 as part of its review launched alongside a separate probe by the UK's Financial Services Authority (FSA)
  • Two ground-breaking "cat bond-lite" deals could open the market to smaller sponsors, Swiss fund manager Clariden Leu's ILS portfolio manager Michael Stahel predicts.