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Guy Carpenter sues Lockton over $1.6mn lost brokerage
Marsh's reinsurance broking arm, Guy Carpenter, has filed a lawsuit against rival Lockton Re after a lucrative account moved across following the defection of a senior Guy Carpenter broker.
26 July 2010
Brit embroiled in Apollo claim dispute on eve of £800mn+ bid
Brit Insurance and Apollo Management were embroiled in a messy insurance dispute shortly before the New York buy-out firm made an unwelcome bid for the UK insurer, it has emerged.
26 July 2010
News in briefs
New risk models launched...
26 July 2010
People moves
Argo boosts new D&O team; Goldie promoted at PartnerRe...
26 July 2010
Global regulators debate microinsurance future
Regulators from around the world are trying to find ways of opening the door to microinsurance products, with opinions diverging on whether the slow pace of change benefits or hinders the nascent market.
26 July 2010
Germany says ‘Nein’ to Neal Bill
As the controversial Neal Bill continues to stall on Capitol Hill, the German government has expressed strong opposition to the proposed legislation.
26 July 2010
US Congress mulls adding wind cover to flood programme
A bill under consideration by the US House of Representatives would extend the National Flood Insurance Program (NFIP) to include windstorm cover.
26 July 2010
Dodd-Frank Act will ‘rewrite landscape’ for (re)insurers
The far-reaching US Wall Street Reform and Consumer Protection Act signed into law by President Obama last week will "rewrite the landscape of the financial markets", according to the Property Casualty Insurers Association of America (PCI).
26 July 2010
BLG picks up 19 partners from fallen Halliwells
UK law firm Barlow Lyde & Gilbert (BLG) last week hired 19 partners from stricken rival Halliwells, which is being broken up after collapsing under the weight of its debt.
26 July 2010
Aon exec faces contempt of court over soggy laptop
A UK High Court judge last week warned that a senior Aon broker could be found in contempt of court for throwing in a pond a laptop that may have contained evidence of work he carried out for his new employer while still under contract with Marsh.
26 July 2010
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