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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
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
Axis maintains brave face on credit exposures
Strong trading at Q3 but how will its credit/political risk exposures develop?
11 November 2009
Lloyd's rules out US admitted status
Lloyd's will again rule out pursuing US admitted status when it publishes its global strategic review in the New Year, The Insurance Insider can reveal.
11 November 2009
R&Q share price drops 15 percent after pivotal ruling
The share price of UK-quoted Randall and Quilter (R&Q) had fallen by 15.02 percent to 107.5p at the time of writing in the wake of today’s crucial LMX-related High Court judgment against the run-off management firm.
11 November 2009
International digest
(Re)insurers are not banks, says Geneva Association; Axa on M&A trail with EUR2bn rights issue; Hedge fund takes Glacier reins; IPC gains boost Validus and Max profits...
11 November 2009
Rating agencies face fraud class action
Moody's and Standard & Poor's (S&P) must respond to fraud charges accusing them of masking the risks of the collapsed Cheyne Structured Investment Vehicle (SIV).
11 November 2009
R&Q now frontrunner for BF Rück sale
The auction for German state-owned run-off group BF Rückversicherung has moved forward with the joint bid from German firm GLOBAL Rück and Randall & Quilter (R&Q) in pole position.
11 November 2009
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