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D&O leviathan retires to fight allegations
Bill Lerach, the veteran class action lawyer who represented Enron investors and other shareholders suing large corporations, will retire from the law firm he founded to fight allegations of improper activity...
07 September 2007
Independent execs play blame game in court
A trio of senior executives of Independent Insurance, which collapsed in 2001, have been attempting to shift the blame between themselves and to other members of staff, a court has heard.
07 September 2007
Sidecars go excess-of-loss
Despite signs earlier in the year that demand was drying up for the vehicles, a new model of sidecar is emerging, with the recent launch of Mont Gele Re and Emerson Re.
07 September 2007
Lark deal confirms broker value to carriers
The price paid for Lark Insurance Broking Group by Groupama UK after it triumphed in a four way bidding contest has once again highlighted the increasing value of distribution channels to UK-based insurers.
07 September 2007
Lloyd's debt spreads widen in credit market turmoil
Spreads of Lloyd's subordinated debt over the London Interbank Offered Rate (LIBOR) have widened since late July as concerns over US sub-prime mortgages hit credit markets.
07 September 2007
Sub-prime fallout hits issuers, but insurers escape direct hit
Rating agencies and other analysts have provided welcome reassurance over (re)insurers' direct exposure to the ongoing sub-prime turmoil.
07 September 2007
AIG to create UK insurance giant
Who is the world's largest insurer - both in terms of market value and income - without a UK commercial insurance company?
07 September 2007
Canopius emphasises caution with $250mn Bermuda launch
The timing of Canopius Group Ltd's launch of a $250mn, class 3 Bermudian reinsurer, Canopius Bermuda Ltd, has raised eyebrows when rates are peddling downwards.
07 September 2007
Marsh in push for extra revenues
Less than a year after Spitzer's departure, brokers are looking for additional revenues. But who will actually be paying?
07 September 2007
Temple appeals QBE ruling
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.
07 September 2007
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