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Oil Insurance sues US government
Bermudian energy mutual Oil Insurance Limited is co-suing the US government over the flooding of a refinery during Hurricane Katrina.
22 October 2007
Deadline looms for Guy Carpenter in Blumenthal lawsuit
Guy Carpenter is likely to file a motion to dismiss the lawsuit launched earlier this month by Connecticut attorney general Richard Blumenthal that has accused the broker of violating the state’s anti-trust and unfair trade practices acts...
22 October 2007
Rolf Tolle embraces new market entrants
New market entrants are "critical to maintaining the attractiveness of the Lloyd’s market", according to the Society's Franchise Performance director, Rolf Tolle.
22 October 2007
Asia now embracing bancassurance model
Bancassurance is gaining in popularity particularly in emerging markets, according to research by Swiss Re.
22 October 2007
Respite over for airline rates
Airline premium rates fell again this month - after a brief hiatus in August/September - according to the latest data from Aon Aviation.
22 October 2007
Standard Life buys stake in Chaucer
One of the UK's leading fund managers, Standard Life Investments Ltd has acquired 29 million shares in Lloyd's insurer Chaucer Holdings plc, representing 9 percent of the voting rights in the company.
22 October 2007
Admiral director stocks up on £2mn of shares
David Stevens, COO of UK niche-branded insurer Admiral Group plc, has purchased £1.9mn of shares in the company, taking the director's shareholding in Admiral to 3.84 percent.
22 October 2007
Ruling chokes pleural plaques asbestos compensation
The House of Lords upheld a Court of Appeal decision last week, ruling that employers are not liable to compensate employees who develop symptomless pleural plaques after exposure to asbestos.
22 October 2007
Gen Re Fac victory may encourage employers
Gen Re's victory last week in its dispute with Arch Capital Group over the poaching of a thirty strong facultative team will encourage employers concerned about their intellectual property walking out of the door.
22 October 2007
Lehman Bros launches Libero securitisation vehicle
Lehman Bros has been given the green light by the Financial Services Authority to begin trading at its subsidiary Libero Ventures Ltd - a new unit that aims to improve capital efficiency for (re)insurers by shifting exposures to the capital markets.
22 October 2007
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