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Deloitte settles with Parmalat
Accounting firm Deloitte has reached a $149mn settlement with Parmalat over lawsuits accusing it of contributing to the dairy company’s 2003 collapse.
15 January 2007
Tillinghast: ERM to dampen cycle
Enterprise Risk Management (ERM) will have a significant impact on cycle management, according to Mike Belfatti of consultancy Tillinghast's North American property/casualty ERM practice.
15 January 2007
Upbeat Catlin doubles debt issue at $600mn
Catlin Group Ltd says the integration of Wellington Underwriting has gone well with more business retained than expected and only a small number of unplanned resignations from key staff.
15 January 2007
BLG exits continue
Michael Mendelowitz has become the latest partner from Barlow Lyde & Gilbert's (BLG) reinsurance and international risks team to leave the law firm, with the news that he is to head the contentious insurance...
15 January 2007
Swiss Re launches $700mn mortality cat bond Vita III
Affirming Swiss Re's position as a leading distributor of risk to the capital markets is the Vita Capital III securitisation which saw the reinsurer recently issue $700mn of mortality catastrophe notes.
15 January 2007
ACE Europe undergoes management makeover
ACE European Group announced a series of changes to its management personnel and structure on 10 January.
15 January 2007
State Farm hit by $2.5mn in damages from Katrina case
US insurer State Farm Fire & Casualty Co has been ordered to pay $2.5mn in punitive damages to a couple in Mississippi by a jury.
15 January 2007
Lloyd’s exec joins expanding Lockton International
After nine years at the Corporation, Lloyd’s director of Worldwide Markets, Julian James, is returning to the broking industry after announcing he is to join Lockton International.
15 January 2007
Lockton recruits Lloyd’s director Julian James
Lockton International, the rebranded former Alexander Forbes International business, has recruited Julian James, the director of Lloyd’s, Worldwide Markets.
15 January 2007
ACE Tempest Re opens Canadian arm
ACE Tempest Re Group, part of ACE Limited, announced the establishment of ACE Tempest Re Canada on 8 January.
15 January 2007
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