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Silverstein loses latest WTC case against airlines
World Trade Center developer Larry Silverstein will not be able to recover billions of dollars from airlines in relation to the 9/11 attacks because he has already been compensated by insurers, a US federal judge ruled this afternoon (18 July).
19 July 2013
AIR Worldwide predicts up to EUR400mn Italian quake loss
Insured losses from last week’s earthquake in the Abruzzo region of Italy are likely to be between EUR200mn and EUR400mn, according to risk modeling agency AIR Worldwide.
14 April 2009
Fairfield MGA start-up lures Ryan exec
Adam Barker, one of the executives to break away from HCC Global (HCCG) to join Ryan Specialty Group's (RSG) nascent London operations, has left the firm by mutual consent, The Insurance Insider can reveal.
06 December 2010
Lloyd’s appoints two headhunter firms to lead CEO search
Lloyd’s have appointed the executive headhunter firms Russell Reynolds and Spencer Stuart to advise them on their search to replace the departing Nick Prettejohn.
07 November 2005
Beazley shares climb on record interim profits
Shares in Lloyd’s (re)insurer Beazley Group plc rose by almost 6 percent this morning (30 July) as it reported a doubling of profits in the first half of 2007 on the back of income growth, low claims and rising investment income.
30 July 2007
Quanta parts company with chief executive
Bermudian headquartered Quanta Capital Holdings has parted company with its founding chief executive Tobey Russ.
22 November 2005
UBS ordered to pay $40mn Madoff claim
Swiss banking giant USB has been ordered to pay French financial management company Oddo & Cie EUR30mn ($39.4mn) to reimburse its Madoff-related losses through Access International's LuxAlpha Sicav fund, which is supervised by UBS's Luxembourg unit.
19 January 2009
Heath’s model adds to remuneration debate
In a move set to add to an already mixed picture of new broker models, Heath Lambert has today published its own system of payment for work carried out on behalf of insurance companies. Using what it describes as its Broker Insurer Services Commission (BI
21 March 2005
Dunamis retro deals left hanging
The future of Bermudian ILS start-up Dunamis is in question after funds failed to materialise to support deals pledged by the firm during the 1 January renewals.
19 March 2012
CEA looks to reduce reinsurance dependency
The California Earthquake Authority (CEA) hopes to reduce significant reinsurance expenses by breaking out from under the wing of risk warehouser Swiss Re to sponsor its first cat bond in 2011.
04 August 2010
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