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Stanford v Lloyd's dispute deepens
The legal dispute over potential proceeds from directors' and officers' (D&O) cover bought by the collapsed Stanford Financial Group (SFG) has deepened.
11 August 2009
IFEX launches two new US wind contracts
Cat derivative operation IFEX has added to its suite of event-linked futures, listing Eastern seaboard and North East US tropical wind contracts on the Chicago Climate Futures Exchange (CCFE).
11 August 2009
Results: Big three brokers see organic growth falter
The twin pressures of a lingering soft market and recession have pinned back second quarter organic growth at the big three global broking giants.
11 August 2009
Sun sets on Spitzer: Insider Comment
The so-called 2005 Spitzer agreements may have only one more year to go, but they have already been significantly overhauled.
11 August 2009
Madoff-related insurance actions mount
Of the huge volume of litigation that the Madoff scandal is generating, a sub-section of insurance coverage litigation has recently emerged.
11 August 2009
Swiss Re to close raft of US offices
San Francisco and Dallas amongst those targeted as company moves to three core US underwriting hubs.
11 August 2009
Lloyd's insurer looks to form reinsurance arm
Novae Re to target Continental European business.
11 August 2009
Antares to flee the Chaucer nest with own Lloyd's agency
Private equity-backed Antares Syndicate 1274 is set to strike out on its own by forming a Lloyd's managing agency for 2010, after spending the first two years of its life as a Chaucer Holdings turnkey operation.
11 August 2009
Brokers trade up on Illinois contingent move
The share prices of the big three brokers were clearly influenced after the decision by Illinois regulatory authorities to allow AJ Gallagher (AJG) to again negotiate contingent commissions.
11 August 2009
All eyes on New York as contingent debate fires again
The broking universe is waiting with baited breath to see how regulatory authorities respond to the news that AJ Gallagher will again be allowed to charge contingent commissions on US retail business.
11 August 2009
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