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Fraud and bribery top transatlantic agenda
Moves to clampdown on corporate crime have edged forward on both sides of the Atlantic, with the launch of an anti-fraud initiative in Washington and a bribery bill at Westminster.
24 November 2009
CV Starr/Ironshore bonds tighten with aviation venture
The bond between Ironshore and former AIG chief Hank Greenberg's CV Starr continued to tighten last week, with an agreement that will see Starr Aviation Agency underwrite on the Bermudian insurer's paper with immediate effect.
24 November 2009
HSBC in talks to sell broking arm; Marsh front-runner
Marsh is in advanced talks to buy UK-headquartered rival HSBC Insurance Brokers Ltd (HSBC) after the world's third-largest bank decided to exit insurance broking, The Insurance Insider has learned.
24 November 2009
Marsh bid-rigging case dropped
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24 November 2009
US MGU injunction against London broker dismissed
US managing general underwriter Global Benefits Group (GBG)'s application for an injunction against its former reinsurance broker Reza "Ray" Khadivi has been dismissed for lack of evidence and jurisdictional issues, court documents reveal.
24 November 2009
Leave to convene hearing for EAUA Pools draws near
In a further test for solvent schemes of arrangement, the hearing for the English and American Underwriting (EAUA) Pools' leave to convene a meeting of creditors is scheduled to be held in the UK courts on 30 November 2009.
24 November 2009
Alea manages down liabilities
After both shedding its UK arm earlier in the year and combining its European and Bermuda operations, run-off (re)insurer Alea Group is continuing to look for ways to manage down its liabilities.
24 November 2009
News in brief
Big three sign up for Lloyd's pilot; XL Capital takes first steps towards creating Chinese subsidiary
24 November 2009
People Moves
RFIB Group hires HSBC Insurance marine director; Aon Limited appoints new UK COO; RK Harrison bolsters trade credit and bonds division; XL strengthens equine with Unicorn hires...
24 November 2009
Microinsurance is a growth opportunity for reinsurers
Microinsurance provides a "tremendous opportunity" for global reinsurers to access new markets and obtain peril diversification.
20 November 2009
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