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  • Despite being at an all-time high, US shareholder class action settlements are continuing to rise because of the impact of the mega WorldCom and Enron cases which are setting new standards for shareholder compensation.
  • Insurers hit by D&O losses in wake of shareholder class-actions over collapsed stock prices History, they say, always repeats itself. Ian Youngman, in his 1999 book Directors and Officers Liability Insurance, observed that the first US D&O policies wer
  • Lloyd’s liability start-up Illium Syndicate 4040 announced last week (25 June) that it had added the experience of former BR Smith Syndicate 45 claims manager John Craig to its stable.
  • Australian insurer Suncorp has once again reaped the benefits of comprehensive sideways reinsurance protection, as it revealed its net claims costs from last week's Category 5 Cyclone Yasi will be capped at just $10mn.
  • Our pre-Monte Carlo executive briefing highlights the expanding horizons of Trading Risk, focussing on capital markets solutions available to reinsurance buyers, such as cat bonds, ILWs, and cat futures, as well as the post-Katrina phenomenon of the sidecar...
  • Fast growing post-9/11 start-up Endurance last Wednesday (16 February) reported 2004 profits well up on the previous year as it shrugged off the impact of the season's catastrophe losses.
  • AXA is believed to be again working with the French investment bank IXIS in developing another innovative risk securitisation, according to reports.
  • The UK government needs to develop a 25 year national flood strategy to help prevent a repeat of this year's devastating floods, a report by the Association of British Insurers (ABI) has warned.
  • A New York court has given clearance to new state insurance regulations requiring brokers to fully disclose their compensation details to clients.
  • The Insider's exclusive coverage of the Sphere Drake arbitrage trial continues with the revelation of SCB's supposed win-win scheme for PA LMX reinsurers Stirling Cooke Brown devised an intricate business plan guaranteeing net profits for insurers who