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London counts cost of sub-prime
London Market-fronted binding authorities specialising in the mortgage banking market look set for a hit from directors and officers (D&O) claims arising out of the sub-prime debacle.
04 October 2007
$6bn sidecar renewal crunch
Crucial test for 2008 prospects as specialist vehicles reach crossroads; prospect of disputes emerging?
04 October 2007
Independent trial draws to a close
The trial of three former Independent Insurance executives is drawing to a close in London with the jury expected to start considering its verdict by 21 October, according to the Serious Fraud Office (SFO).
04 October 2007
Ruxley in landmark reinsurance-funded acquisition
Run-off purchaser Ruxley Ventures is expected to outline a pioneering financing technique at a business transfer court hearing this month for the firm’s proposed acquisition of Generali Assurances Generale (GAG).
04 October 2007
CNA in $250mn 'Unicover' settlement
The legacy of workers' compensation carve-out reinsurance - epitomised by the Unicover pool which collapsed in 1999 - re-emerged when CNA Financial Corporation agreed to pay John Hancock $250mn...
04 October 2007
Metlife slam-dunks giant sports disability programme
Major US insurer Metlife has secured a five-year non-cancelable contract to write the US National Basketball Association (NBA) sports disability insurance programme, according to senior market sources.
04 October 2007
Chubb relocates to UK
In a move that carries on the trend of multi-national companies relocating within Europe, US insurer Chubb Corp is to redomicile its European holding company from Brussels to London.
04 October 2007
Bermudians continue to flow to Switzerland
Switzerland is fast becoming the location of choice for companies looking to access the Continental European (re)insurance market.
04 October 2007
Lightyear backs £135mn start-up Antares syndicate
Chaucer Holdings plc has confirmed a new £135mn private equity-backed Lloyd’s syndicate – Antares Syndicate 1274 – to take on the London market portfolio of WürttUK, as first revealed by The Insurance Insider last month.
04 October 2007
Legal Briefings
EU highlights conflict of interest in broker model; Long-term contracts can be anti-competitive...
04 October 2007
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