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Lloyd’s takes Central Fund hit following settlement
Lloyd's has taken a significant hit on its Central Fund dispute after settling with Benfield Group and Aon Ltd, but will be relieved the long-running dispute is over.
11 June 2007
Lloyd’s settles with Benfield and Aon over Central Fund
Lloyd's has finally ended the central fund litigation saga after agreeing a settlement with the contract’s two broking firms, Benfield Group and Aon Ltd, who placed the five-year £500mn contract.
11 June 2007
London News Digest
Ex-Wellington underwriters to head Mitsui aviation; Novae launches into the UK property market; Heritage to add international treaty team; Lloyd’s to raise up to £500mn in debt issue; FSA bans King...
11 June 2007
Run-Off News
The latest from the legacy market
11 June 2007
Legal Briefings
Our monthly column keeping check on US and EU legal and regulatory developments, in association with Sidley Austin LLP
11 June 2007
Gen Re sues over 'conspiring' defectors
Restraining order issued against Arch and its new fac team
11 June 2007
Benfield’s primary push troubles but Florida brings
Despite a recognition that Florida’s impact will be far less brutal than first feared for reinsurance brokers’ 2007 earnings, analysts Keefe Bruyette & Woods Ltd (KBW) retain a bearish stance...
11 June 2007
Spiller mulls London move
David Spiller, the chief executive of MMC's reinsurance arm Guy Carpenter & Co, is close to relocating back to London, The Insurance Insider understands.
11 June 2007
Converium’s Beale to receive SFr4.2mn on exit
Converium Holdings CEO Inga Beale will receive a lump sum payment of SFr4.2mn when she leaves the company on completion of the takeover by SCOR.
11 June 2007
Energy market continues to soften
Increased capacity and low losses are combining to soften the energy market, according to a report published by Willis Group Holdings.
11 June 2007
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