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US MGU set for court showdown
The dispute between US managing general underwriter Global Benefits Group (GBG) and its former reinsurance broker Reza "Ray" Khadivi is set to culminate in a court showdown in the autumn.
07 September 2009
Highlands scheme approved
A scheme of arrangement for insolvent UK insurer Highlands Insurance Company (HUK) has become effective.
07 September 2009
Cavell to co-host fifth AIRROC event
The Association of Insurance and Reinsurance Run-Off Companies (AIRROC) and the UK run-off company Cavell are set to host the fifth annual commutations event in New Jersey on 19-21 October.
07 September 2009
Global regulators prepare common ILS standards
The influential International Association of Insurance Supervisors (IAIS) is producing common standards and guidance for the supervision of (re)insurance risk transfer to the capital markets.
07 September 2009
Air France loss now reserved at $700mn
Current market estimates put the insured loss from the Air France disaster close to $700mn, according to data seen by The Insurance Insider.
07 September 2009
Lime Street pipeline slows for 2010 starts
Fewer new start-ups expected but market able to turn on the taps for a market changing event, says Tolle.
07 September 2009
The Scramble for Lime St
Non-life M&A activity has not traditionally been linked with the Atlantic hurricane season - a time of heightened uncertainty as the market awaits news of destabilising losses arising out of major catastrophes.
06 September 2009
AIG Investors Await Restructuring Plans
The new CEO of American International Group (AIG) took the top job at the insurance giant aware that the industry and its commentators would be watching his every move – as well as the group's stock price.
06 September 2009
The Greatest Opportunity is Survival
Dear friend, If you ever meet anyone who says they know what is going to happen tomorrow - either immediately hire them as your to underwriter or look ruefully to the skies and make a mental note never to listen to a word they say again.
Mark Geoghegan
,
06 September 2009
R&Q underlying performance masked by investment and legal hits
UK run-off acquisition firm Randall & Quilter (R&Q) booked a £1.2mn pre-tax profit for the first half of 2009 despite taking a £2.7mn unrealised investment loss on perpetuals and a £2mn hit for legal costs over litigation with Equitas in the Brandywine ca
03 September 2009
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