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So just what is the Spitzer legacy?
Insider Comment
07 April 2008
Flood of losses brings mining sector to 'watershed'
The mining sector has hit a "watershed" following a spate of heavy losses accelerated by rising commodity prices that have decimated hard market profits.
07 April 2008
Judge upholds Florida’s Allstate bar
A US federal appeal judge last week upheld the decision by Florida’s insurance regulators to bar Allstate Corp from writing new business in the state.
07 April 2008
Tunnicliffe quits Advent
Lloyd’s (re)insurer Advent Underwriting Ltd has been dealt a blow by the sudden resignation of the chief underwriting officer of its Syndicate 780, Lloyd Tunnicliffe.
07 April 2008
Alea finance director resigns
Alea Group CFO and COO, Kirk Lusk, has resigned from the Bermudian-headquartered run-off company.
07 April 2008
Court denies Gallagher restraining order on start-up broker
A US federal court has denied AJ Gallagher & Co's January request for a temporary restraining order against start-up broker Edgewood Partners Insurance Center (EPIC) following the defection of several senior employees.
07 April 2008
Munich places Queen Street bond
Munich Re confirmed the launch in March of its second ILS transaction this year, following its extreme mortality cat bond Nathan Re in February.
07 April 2008
Securitisation is industry 'megatrend' says Plumeri
The continued convergence of capital and insurance markets is one of the 'megatrends' facing the insurance industry, according to Joe Plumeri, chairman and CEO of Willis Group Holdings.
07 April 2008
Indemnity triggers persist with Chubb's $200mn East Lane Re II
The successful launch of US insurer Chubb Group's latest $200mn cat bond, East Lane Re II, is a validation of indemnity triggers as a viable structure for cat bonds.
07 April 2008
Florida cat fund bill builds momentum
Momentum continues behind legislation to scale back the Florida Hurricane Catastrophe Fund (FHCF), after the state CFO-backed bill passed both the Senate’s Governmental Operations Committee and its Banking and Insurance Committee.
07 April 2008
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