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Blumenthal targets Guy Carpenter and ‘entire industry’
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.
15 October 2007
Hiscox calls time on Panther Re sidecar
Hiscox Ltd will not renew its $360mn sidecar Panther Re for the 2008 year, the company revealed today in a London Stock Exchange announcement.
12 October 2007
High court sanctions Ruxley acquisition of Generali unit
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).
11 October 2007
Gallagher to launch 'boutique' energy subsidiary
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.
11 October 2007
Tysers management buyout to 'secure independence'
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.
10 October 2007
Blumenthal alleges abuses of Guy Carpenter binding authority facilities
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.
10 October 2007
Blumenthal joins Kroes in targeting 'best available terms'
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.
09 October 2007
BLG litigation team defects to Mayer Brown
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.
08 October 2007
Jury's interpretation key in Independent trial
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.
08 October 2007
AIRROC grows to record size
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...
08 October 2007
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