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Stanford Lloyd's D&O insurers cooperate
The Lloyd's insurers of the directors' and officers' (D&O) policy held by the disgraced Allen Stanford have been compelled to acknowledge coverage.
11 November 2009
Fairfax labels Odyssey class action a 'nuisance suit'
Fairfax Financial Holdings (FFH) has described the shareholder class action suit filed against it over the acquisition of outstanding minority interests in OdysseyRe as a "nuisance suit".
11 November 2009
Mariner solvent scheme sanctioned
Bermudian (re)insurer Mariner's proposed solvent scheme was sanctioned by the Bermudian Supreme Court, the first approval since the Scottish Lion decision.
11 November 2009
BoA syndicate goes into run-off; Lloyd's open years set to shrink
After just three years of underwriting, Bank of America is placing its Lloyd's syndicate in run-off, despite increasing capacity from £33.5mn in 2007 to £70mn for the...
11 November 2009
London digest
Mitsui Sumitomo hires senior franchise exec; Wildnet investors sell stakes; Corfield leaves Liberty; AEGIS London enters A&H; Brit parts company with PI execs...
11 November 2009
Chartis CR disappoints
While parent AIG reported a moderate $455mn third quarter net profit - compared to the giant $24.5bn net loss of Q3 2008 - Chartis disappointed on its core underwriting.
11 November 2009
Briefings
Our monthly column keeping a check on recent US and EU legislative and regulatory developments, in association with Sidley Austin LLP.
11 November 2009
Marsh bid-rigging saga continues
The broking giant and AIG were served with a lawsuit by US commodity producer and distributor Seaboard Corp at the end of October.
11 November 2009
Armour pierces Tawa with Ryland hire
Bermuda-headquartered Armour Reinsurance Group has lured senior Pro Group executive Steve Ryland, despite being trumped in the race to acquire Pro by Tawa plc.
11 November 2009
Sempra stand-off continues as reinsurers resist claim
A hard core of companies who wrote reinsurance on the Sempra liability programme are continuing to resist payment, though no party in the acrimonious stand off has yet...
11 November 2009
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