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  • Willis will pay $139mn to settle part of a longstanding dispute arising from its involvement in the infamous London market personal accident (PA) reinsurance spiral of the late 1990s.
  • A high court judge today rejected London market broker BMS Group's application to commit rival CJ Coleman (CJC) and John McCormack for contempt of court...
  • XL Capital has teamed up with the higher rated National Indemnity Company (NIC) to back-up its Side A directors’ and officers’ (D&O) policies in the event the Bermudian firm goes bust.
  • The heady days of paying a premium to net asset value (NAV) are over as pricing discipline returns to the legacy market, according to a group of senior industry figures taking part in The Insurance Insider roundtable...
  • Legacy manager Randall and Quilter (R&Q) has extended its offering into the captive market with the acquisition of the captive insurance company of Woolworths Group, Woolworths Insurance (Guernsey), from its administrators, Deloitte.
  • International law firm Dewey & LeBoeuf LLP (D&L) has been filed with a staggering $3bn lawsuit brought by the Missouri Department of Insurance and liquidator Albert Riederer, over claims it "misadvised" defunct US life insurer General American (GA).
  • Our monthly column keeping a check on recent US and EU legislative and regulatory developments, in association with Sidley Austin LLP.
  • Cat bond issuance is well on course to meet market estimates of $3bn for the full year 2009 after a flurry of activity in the insurance-linked securities (ILS) sector – which has stormed back after the impasse caused by the Lehman Brothers collapse.
  • The insolvent estate of New York insurer Midland is attracting interest from "a host of significant private equity sources", even before the final request for proposals (RFP) has been approved.
  • Standard & Poor’s (S&P) has cited Hannover Re’s retro strategy as a factor in deciding to downgrade the outlook to negative on the reinsurer’s AA- credit and insurer financial strength ratings.