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  • Most of the World Trade Center insurers do not have to pay lessee Larry Silverstein's legal fees from the series of lawsuits that emerged after the 2001 terrorist attacks.
  • World Trade Center (WTC) developer Larry Silverstein and site owner the Port Authority of New York and Jersey today (26 June) sued Swiss Re-led insurers...
  • Despite the old saw that bad years get worse, latest estimates from Lloyd’s syndicates showed only limited deterioration on the dreadful 2001 underwriting year.
  • Lloyd’s insurer Wellington plc has confirmed it is in takeover talks with rival Catlin Group Ltd.
  • “Class of 2005” Bermudian reinsurer Validus Holdings Ltd has bolstered funds as it announced it has entered into credit agreements totalling $700mn with a syndicate of lenders.
  • Releases from prior year loss reserves have helped Hardy Underwriting Ltd improve its profit estimates on the 2001 year of its Lloyd’s Syndicate 382.
  • Neil Strong joins Willis after a hellish summer defending Aon’s practices in placing John Charman’s whole account reinsurance programme
  • Broker Glencairn has announced the appointment of Steve Hearn to the role of chairman in addition to his current role as chief executive.
  • The recent P&I renewal season was characterised by a split between clubs determined to maintain discipline and charge published rate increases, and those who let discipline slip, according to Aon’s P&I division P.L. Ferrari & Co (Aon PLF).
  • Studies have shown that up to 25% of office staff can be considerably affected by electro magnetic fields that emanate from work-place equipment such as computers to the extent that their working ability is seriously impaired. Of those employees a conside