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  • Connecticut attorney general Richard Blumenthal has vowed to draw back the “cloak of secrecy” covering the “entire reinsurance industry” following the filing of an anti-trust lawsuit last week against global reinsurance broker Guy Carpenter.
  • Hiscox Ltd will not renew its $360mn sidecar Panther Re for the 2008 year, the company revealed today in a London Stock Exchange announcement.
  • Legacy business purchaser Ruxley Ventures has been given the green light to acquire the London branch of Italian giant Generali’s Swiss subsidiary, Generali Assurances Generale (GAG).
  • Arthur J Gallagher International (AJGI) is set to launch a joint-venture onshore/offshore energy and utilities broking subsidiary headed by Simon Matson, who has resigned from Aon Energy.
  • Tysers has bucked the trend for small to mid-size London broker sales to larger rivals and private equity investors, after completing a management buyout transaction it says will secure its independence.
  • Details of Connecticut attorney general Richard Blumenthal’s lawsuit accusing Guy Carpenter of conspiring with reinsurers to fix prices and terms reveal an alleged catalogue of abuses involving binding authority programmes.
  • Connecticut attorney general Richard Blumenthal has vowed to draw back the "cloak of secrecy" covering the "entire reinsurance industry" following the filing of an anti-trust lawsuit yesterday against global reinsurance broker Guy Carpenter.
  • The Barlow Lyde & Gilbert’s (BLG) commercial litigation team that worked on the defence of Equitable Life’s £2.6bn claim against Ernst & Young is leaving the firm to join rivals Mayer Brown.
  • How the jury interprets the words of Independent Insurance's former CEO Michael Bright and other key witnesses will be key to the outcome of the trial, according to the summing up of Judge Rivlin.
  • The US-based Association of Insurance & Reinsurance Run-Off Companies (AIRROC) has been in existence for less than three years but its flagship Commutations event has already become...