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  • Cavell USA, an affiliate company of UK quoted run-off group Randall & Quilter, and its founder Ken Randall were awarded $1mn and £150,000 in interim damages last month in their dispute with two legacy insurance companies connected to its rival the Bermuda
  • London market insurers Brit Insurance and Chaucer have reserved £62.5mn and £62.7mn respectively for net losses resulting from combined financial crisis losses.
  • The cost of defending lawsuits in the US has sky-rocketed in the past year, exhausting primary and first excess layer D&O coverage limits, according to industry experts.
  • In a former life, one The Insurance Insider journalist was the recipient of a taste of the considerable largesse of the Stanford Financial Group as an underwriter on one of the firm's insurance policies.
  • While being dealt yet further downgrades, Hartford Financial Services Group is seeking to sell off its loss struck life business in a bid to return to its origins as a pure play property casualty player.
  • The news of further capacity for GOM windstorm risks through Berkshire Hathaway’s $500mn facility with broker Marsh has been greeted with guarded enthusiasm by the market.
  • Mounting litigation against Stanford Financial Group (SFG), the banking and investments group at the heart of $8bn fraud allegations from US regulator the Securities and Exchange Commission (SEC), is likely to translate into claims against the London mark
  • The global recession will lead to a surge in claims for insurers of A-side directors' and officers' (D&O) cover - leading to questions over pricing adequacy and the amount of limit available to corporate management when their firm goes bust, according to
  • The cost to (re)insurers of the global financial meltdown of 2008 exceeded that of estimated claims caused by Mother Nature - even in a year that in Hurricane Ike contained the third-largest individual natural catastrophe loss in (re)insurance history.
  • Buffy, the long-suffering Lloyd's Name, grapples with arithmetic...