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  • Legal Briefings
    Our monthly column keeping a check on US and EU legal and regulatory developments, in association with Sidley Austin LLP
    09 November 2007
  • London News Digest
    Banking interest grows with Goldman Sachs Lloyd's entry; Towergate firm swoops for Erinaceous teams; GA sells down Xchanging stake; Aviva in £350mn UK cost cutting programme; Canopius and Talbot make Lloyd’s Asia move...
    09 November 2007
  • Tawa in post-IPO PXRE acquisition
    Tawa plc, the UK quoted run-off consolidator, has acquired the US firm PXRE Reinsurance Co (PXRE US) from parent Argo Group International Holdings Ltd in a $114mn transaction.
    09 November 2007
  • PwC updates on Folksam UK liquidation
    The fees collected by PricewaterhouseCoopers (PwC), the administrators of the defunct UK insurer Folksam UK, outweighs the collections made on behalf of creditors by almost £3mn, the latest report to creditors reveals.
    09 November 2007
  • Time running out for Independent appeal
    The 21-day time limit in which the three former Independent Insurance Group plc (IIG) executives who received a total of 14 years in jail sentences could lodge an appeal will expire on 13 November.
    09 November 2007
  • Marsh to face UIB aviation poaching dispute in 2008
    Marsh Ltd will be forced to defend itself on charges of poaching a senior aviation team and confidential business information from United Insurance Brokers (UIB) in a trial scheduled to take place next summer.
    09 November 2007
  • Trade secrets can be in your head rules US court
    A US judge who ruled in favour of Gen Re in its dispute with Arch Capital Group over the poaching of a thirty strong facultative team declared that trade secrets can be stored in one's memory.
    09 November 2007
  • Bank of Ireland in EUR400mn life securitisation
    Bank of Ireland Life has securitised EUR400mn of value-in-force (VIF) life insurance policies in the first rated European VIF transaction for almost three years.
    09 November 2007
  • European duo outperform
    European giants Swiss Re and Munich Re outstripped analysts' earnings forecasts for the third quarter, with both companies on course to surpass expectations for full-year profits.
    09 November 2007
  • AIG feels sub-prime heat; Q3 earnings down
    Sub-prime woes continued at American International Group (AIG), as it reported third quarter operating results below analysts' expectations, compounded by a $352mn pre-tax charge on credit default swaps...
    09 November 2007
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