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Credit crunch drives interest in default insurance
As the wide spread of the global credit crisis becomes clearer, more insurers are investigating protection against reinsurer default, according to reinsurance broker RK Carvill.
03 December 2007
Insurers vow to fight Scottish asbestos compensation ruling
A group of leading UK insurers have vowed to continue their fight to overturn a Scottish law that grants sufferers of pleural plaques the right to claim compensation, after a Scottish court upheld the law in a ruling last week (12 April).
18 April 2011
Kroes asks industry to justify co-insurance practices
The European Commission's (EC) long-awaited final report into business insurance has told the industry to justify or reform its co-insurance practices.
25 September 2007
Cameron ‘sympathetic’ to referral fee ban
UK Prime Minister David Cameron has said he is "very sympathetic" to the idea of banning referral fees and hopes to make progress on the issue.
18 July 2011
Aon gains court order to plug US construction leak
Aon has obtained a temporary court order in Illinois to restrain its former construction services CEO Peter Arkley and other senior executives from seeking to poach clients or former colleagues, The Insurance Insider understands
22 June 2011
Mixed quarter for Bermudians as reserve releases cushion soft market fall
In contrast to its troubled rival, ACE Ltd - which was set up with XL on Bermuda in the mid-'80s - reported record full year 2007 net income of $2.58bn, up 12 percent on the prior year...
11 February 2008
First Lloyd's Part VII transfer sactioned
The High Court has sanctioned the first transfer of business out of a Lloyd's syndicate since the formation of Equitas ten years ago, opening the prospect of a new method to obtain finality for non-trading syndicates.
12 June 2006
RSA continues legacy disposal with Codan portfolio sale
Royal & Sun Alliance (RSA) has continued the disposal of its legacy business with the sale of two run-off portfolios in its Scandinavian subsidiary Codan to Wasa Run-Off.
14 April 2008
Fosh says Novae has reinvented itself since 2002 nadir
Novae Group is no longer the long-tail, liability-oriented business of the past and from 2011 will finally succeed in shaking its "long-term return on equity problem", CEO Matthew Fosh believes.
16 March 2010
Lloyd's scores with community programme
At a time when the UK's public contempt for bankers and the City of London reaches near visceral proportions, companies in the Square Mile are under ever-greater pressure to be aware of their social responsibilities.
09 February 2009
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