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  • Fears that the sub-prime debacle may impact the insurance industry are beginning to materialise as a lawsuit brought against US mortgage bank, Countrywide Financial may turn into a directors’ and officers’ (D&O) claim...
  • Banks may begin to warehouse (re)insurance risk as securitisation momentum continues
  • QBE launches European reinsurance operation; Insurance industry ready to respond, says Levene; Price Forbes hires former Endurance energy underwriter; Hampden lists on AIM despite falling short with IPO...
  • Underwriting agency Temple Legal Protection has appealed to the High Court after QBE Europe was given the right to manage its book of after-the-event insurance.
  • New York law firms LeBoeuf, Lamb, Greene & MacRae LLP and Dewey Ballantine announced that they have entered into a definitive agreement to merge...
  • Bermudian (re)insurer White Mountains Group is mulling an innovative motor securitisation, signalling the continued broadening of the insurance-linked securities (ILS) sector from its catastrophe risk roots...
  • The departure of a number of key producers that have followed divisional head of facilities Hugh Champion out the door of UK independent broker Heath Lambert which may scupper management’s chances of selling the firm as a single entity.
  • After finally closing its $2.8bn protracted acquisition of rival Converium Holding AG, French reinsurer SCOR wasted little time in setting out its stall as it aims to push into the top 5 of global reinsurers.
  • Bermuda-based (re)insurer Catlin Group reported 29 percent first-half premium growth following its acquisition of Wellington Underwriting, but profits fell as a result of the deal's expenses.
  • Although revenue growth impressed at Benfield Group Ltd’s Corporate Risk business (BCR), shares in the broker fell as the John Lapsley-headed division reported a trading loss of £4.6mn for the first half of 2007.