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Madoff may cost new London facility $50mn
A London-backed insurance product designed to cover financial institutions against financial losses arising from fraud at hedge funds has received a claim notification relating to the Madoff scandal.
04 February 2009
Florida writers set for windfall at last
The winds of change could at last be blowing through Florida in favour of the private reinsurance market, as the size of the hole in the state catastrophe fund finances continues to grow.
04 February 2009
Stirling Cooke Brown finally liquidated
Stirling Cooke Brown Insurance Brokers Ltd (SCB), the firm at the centre of the notorious personal accident LMX spiral of the late 1990s, was placed into liquidation on 20 January 2009.
04 February 2009
April deadline looms in Pinault's California showdown
The California Insurance Commissioner (CIC) is working to reach a settlement with French holding company Artemis SA and its owner Francois Pinault before an April deadline, in order to avoid further...
04 February 2009
Counting the Klaus cost
Upper estimates of insured losses from Windstorm Klaus, which swept across southern France and northern Spain on 23-24 January leaving a trail of destruction, are as high as EUR2.5bn for each country...
04 February 2009
High noon for Swiss Re…
Knives sharpened for reinsurance giant as stock slumps on further write-down fears; management changes expected...
04 February 2009
Courtwatch
Exclusive analysis of UK dispute filings
04 February 2009
Cable warns of 'vengeful' public
Vince Cable, deputy leader of the Liberal Democrat party warned the London market that an un-checked "vengeful mood" among the UK public towards financiers risked "destroying the wealth creation elements" of the City.
04 February 2009
Pope swaps Aon Benfield for Guy Carpenter
Former head of Benfield's Latin America and Caribbean team Aidan Pope has left the firm in the wake of its merger with Aon to join rival Guy Carpenter, The Insurance Insider can reveal.
04 February 2009
RenRe next for Lime Street?
RenaissanceRe (RenRe) is expected to be next on the list of Bermuda-based (re)insurers establishing Lloyd's syndicates following the arrival of compatriot Arch Capital, which received approval...
04 February 2009
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