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2009 securities lawsuits reach $1.3tn
Claims from securities lawsuits in 2009 could entail "record payouts", according to specialist US information service Advisen.
04 February 2010
UK insurers to ‘toast Jackson review’
A landmark report into reforming UK civil litigation costs has sparked hostile reaction from personal injury lawyers, with insurers held to have emerged as winners.
04 February 2010
CCRIF pays $8mn for Haitian earthquake
The Caribbean Catastrophe Risk Insurance Facility (CCRIF) has paid almost $8mn to the government of Haiti as a result of the magnitude 7.0 earthquake that struck close to Port-au-Prince, Haiti on 12 January.
04 February 2010
Axa IM offers $100mn fund
Axa Investment Managers (IM) has launched its first public catastrophe fund, the $100mn Gaia, underlining investor interest in insurance-linked assets.
04 February 2010
Hannover Re renews K6 sidecar
German reinsurer Hannover Re has expanded its K6 sidecar vehicle by $152mn to offer $329mn of total capacity for its catastrophe retro business in 2010.
04 February 2010
Carillon is latest Lehman ILS default
A tranche of Munich Re's $150mn Carillon Ltd US wind cat bond has become the latest in a quartet of Lehman Brothers-affected insurance-linked securitisations (ILS) to default.
04 February 2010
Hartford launches $180mn cat bond
US primary insurer Hartford Fire Insurance Co closed the first cat bond of 2010 with the launch of the $180mn Foundation Re III.
04 February 2010
Cost of UK asbestos set to double
For decades, insurer-unfriendly courts and inventive attorneys have made the US a jurisdiction hell for liability (re)insurers - now it is the UK's turn.
04 February 2010
City expert slams 'impossible' global reform
Global regulation of financial services is "impossible", long-time City of London observer David Buik told the Q1 2010 meeting of the London 100.
04 February 2010
Stanford underwriters must pay up
D&O underwriters must pay defence costs - they have little chance of getting it back.
03 February 2010
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