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  • Our monthly column keeping a check on recent US and EU legislative and regulatory developments, in association with Sidley Austin LLP.
  • After outpacing major share indices for much of last year, (re)insurance stocks are continuing their recent sluggish underperformance, as signs of recovery in the global economy fuel investor confidence in other sectors and prospects for 2010 (re)insurance returns diminish.
  • New York Exchange fuelled by heavyweight support; Ace warns on 2009 profits; $345mn Imperial Sugar settlement; Bermudians warned against capital returns; AIG executive moves...
  • Lloyd's market claims overhaul is up and running; London market reaches ÂŁ25bn+; Chaucer looks within for new CEO; Integro acquires London marine team; Lapsley walks from Benfield Corporate Risk...
  • Insurers seeking to overturn Scottish legislation that allows sufferers from asbestos-related condition pleural plaques to claim compensation have had their arguments rejected.
  • After the UK Court of Appeal upheld a decision on jurisdiction last month, US run-off insurers Seaton and Stonewall have withdrawn their US fraud complaint against Randall & Quilter (R&Q) founder Ken Randall and R&Q affiliate company Cavell USA.
  • The Court of Appeal for the Second Circuit has upheld a New York ruling that failed Bermudian reinsurer PXRE Group did not deliberately deceive investors over the full impact of its 2005 losses from hurricanes Katrina, Rita and Wilma.
  • Disgraced financier Allen Stanford must stand trial in January 2011 for 21 criminal charges, after a US judge expedited the case to be heard before summer of that year. But the issue of defence funding is still open.
  • The Supreme Court of Bermuda has placed defunct medical and personal accident reinsurer in run-off, ESG Reinsurance (Bermuda), into liquidation.
  • Creditor meetings for the companies to be schemed under the Camomile Pool are set to be held in the spring, after the proposed solvent scheme of arrangement was granted leave to convene by the UK High Court at the end of December.