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  • I had not expected to meet Buffy at the pre-Christmas sales. I thought of ducking behind the cosmetics counter, but it was too late, and to have been discovered in such circumstances would have been humiliating...
  • Our monthly column keeping a check on recent US and EU legislative and regulatory developments, in association with Sidley Austin LLP...
  • Structural issues and confusion over pricing levels have stalled any new catastrophe bond issuance for the remainder of 2008, leaving investors searching the secondary market to deploy excess capital.
  • Lloyd's and Bermudian (re)insurers are selling Industry Loss Warranty (ILW) capacity as rates surge on the back of a hardening traditional market and a retro crunch caused by the withdrawal of hedge fund capacity.
  • Aspen Insurance's $100mn 2007 earthquake cat bond Ajax Re, which has been downgraded by both AM Best and S&P on the back of the Lehman Brothers bankruptcy has suffered a further blow after investors...
  • As American International Group (AIG) continues to move through the phases of last month's revamped rescue package, CEO Ed Liddy said he will reopen negotiations with the US government to improve terms of the deal...
  • The insured loss from September's Eurotunnel fire to date has surged to EUR180mn ($231mn), with business interruption losses continuing to bite as the service runs at reduced capacity, according to sources.
  • American International Group (AIG) has been given the go ahead to proceed with a lawsuit against its former CEO, Maurice 'Hank' Greenberg, over claims he "misappropriated" millions of AIG shares.
  • Aon Specialty formed as BCR transfers as part of $1.43bn deal...
  • Despite Lloyd's being viewed as a relative safe haven from the turmoil in the financial markets, its quoted vehicles are unlikely to be immune from a potentially punishing fourth quarter for investment returns, despite an early December bounce.