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  • The Lloyd's insurers of the directors' and officers' (D&O) policy held by the disgraced Allen Stanford have been compelled to acknowledge coverage.
  • 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".
  • Bermudian (re)insurer Mariner's proposed solvent scheme was sanctioned by the Bermudian Supreme Court, the first approval since the Scottish Lion decision.
  • 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...
  • Mitsui Sumitomo hires senior franchise exec; Wildnet investors sell stakes; Corfield leaves Liberty; AEGIS London enters A&H; Brit parts company with PI execs...
  • 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.
  • Our monthly column keeping a check on recent US and EU legislative and regulatory developments, in association with Sidley Austin LLP.
  • The broking giant and AIG were served with a lawsuit by US commodity producer and distributor Seaboard Corp at the end of October.
  • 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.
  • 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...