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McCormack takes the stand in bitter BMS v CJC dispute
The dispute between rival London market brokers BMS Group and CJ Coleman (CJC) has reached a new level of severity, as the former managing director of BMS Harris & Dixon Ltd (BMS H&D), John McCormack, took the stand in the UK High Court to defend himself.
08 June 2009
Legacy: Shorts
Legacy industry descends on Norwich; Enstar wins Copenhagen Re race; McArthur leaves R&Q
08 June 2009
US WIND - Compromise measure threatens TWIA reinsurance spend
The uncertainty facing reinsurers' budgeting capacity for covering state-backed (re)insurers in the US has continued, as Texas moves close to introducing legislation that would axe a proposed $1.9bn reinsurance programme.
08 June 2009
US WIND - Sidecar trio leave rivals on starting grid
New sidecars from RenaissanceRe, Nephila Capital and Flagstone were on the road in time for the official 1 June start of the 2009 hurricane season, proving the exception to the rule as a number of other vehicles failed to get off the starting grid.
08 June 2009
Iris set to flower in ILW market
Iris Re, the new Bermudian class 3 reinsurer launched by private equity firm Cartesian Capital Group, will bring $100mn of much needed capacity to the tight industry loss warranties (ILW) market, The Insurance Insider understands.
08 June 2009
US WIND - Florida finds a balance at 1.6
Key renewal reveals adequate capacity and a more moderate outlook for US cat rates.
08 June 2009
International digest
Transatlantic Re stock sale could gross $1.1bn for AIG; Ayer to step aside as Hartford raids TARP; Torus set for US charge; Brit bigger in Japan; Ace INA in $500mn debt restucture; Dinallo resigns, set to follow Spitzer? AIG CEO steps down; Willis to pa
08 June 2009
Equitas v Brandywine trial now set for 15 June
The three-week trial in the long-running dispute between Berkshire Hathaway’s Equitas and Randall & Quilter (R&Q)-owned Brandywine, which involves more than 4,000 claims, is scheduled to start on 15 June.
08 June 2009
London digest
E&Y: Over-regulation could harm recovery; E&Y: Over-regulation could harm recovery; Court date set for closure on Equitas liabilities; THB losing Tom Brien; JLT predicts Thistle could bloom; Miller confirms fac drive; SBJ Global Risks in MBO from Axa; Guy
08 June 2009
Briefings
Our monthly column keeping a check on recent US and EU legislative and regulatory developments, in association with Sidley Austin LLP.
08 June 2009
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