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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
New ILW futures platform will crush transaction costs, predicts founder
The trading of Industry Loss Warranties (ILW) has gained real momentum in the two years since hurricanes Katrina, Rita and Wilma, but critics say its development has been hampered by the high frictional costs...
04 October 2007
Capacity scarce at Lloyd's auctions
With the majority of Lloyd's insurers set to cut back business for 2008, capacity scarcity was the overriding theme of September's auctions.
04 October 2007
Securitisations - not a dirty word for ILS market
Despite asset-backed securities remaining persona non-grata in the financial markets after the sub-prime crisis, the emerging insurance-linked securities (ILS) sector should shrug off the current woes...
04 October 2007
International News Digest
EU hints on intervention; Bermuda’s Maiden reinsurer poised for $500mn+ IPO; Court dismisses major US RICO suit; AmWINS withdraws IPO; Ariel Re buys US admitted carrier...
04 October 2007
Legal Briefings
EU highlights conflict of interest in broker model; Long-term contracts can be anti-competitive...
04 October 2007
Indices key to Trading Risk development
Every time you put a gallon of petrol in your car, it has typically been bought and sold forty times beforehand.
04 October 2007
Buyout speculation returns to Benfield
When Benfield Group changed its mind in 2003 and floated on the stock exchange in London, rather than New York, its decision was widely applauded.
04 October 2007
Reserve releases drive record £1.8bn returns on Lime Street
Despite the gloomy spectre of a soft market, Lloyd's 2007 interim results reflected the strong performance of insurers underwriting in the market.
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
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