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  • Silverstein and Swiss Re posturing continues but patience wears thin The war of words between parties in the World Trade Center (WTC) insurance dispute continues to rage, despite the growing clamour for resolution of costly legal proceedings that conti
  • 'Unreliable' evidence of veteran Lloyd’s underwriter ends accusations of negligence Coutts, the royal bankers, has been exonerated in a legal battle about whether it should have told a Lloyd's syndicate that its managing agents had not opened an Indepe
  • Heath's has settled much of its film finance exposures following the opening submissions in a critical High Court trial this month. The so-called "Phoenix" trial promised to set a marker for a series of multi-million dollar disputes involving insurance ba
  • Personal accident specialist Jonathan Thomas is set to become the active underwriter of Creechurch's merged syndicates, if Lloyd's franchise performance director Rolf Tolle approves the move.
  • As long as average CEOs are paid as if they were superior CEOs, the issue of executive overcompensation won't go away. Where CEO pay is out of alignment with long-term corporate results, shareholders will not remain complacent. How, during the past two de
  • CNA Financial Corporation became the latest insurance Group to exit reinsurance when revealing that it has sold the renewal rights, together with much of its under-performing reinsurance book, to Folksamerica Reinsurance Company, a unit of Bermudian based
  • Followers of US tort reform developments were teased this month with the prospect of a real breakthrough, as Republican Senator Bill Frist stepped in to rescue stalling asbestos talks, negotiating a new deal between insurers and industrial defendants over
  • October was another eventful month for beleaguered Lloyd's insurer GoshawK, yet its future looks no less certain. Chief executive Chris Fagan denied suggestions that the management were considering a buy-out - telling The Insider “there is no truth in
  • ACE's Syndicate 2488 underwriter Andrew Kendrick has been promoted to the role of president and chief executive officer of ACE Bermuda, replacing the current incumbent Mark Herman. Currently president of ACE Global Markets and a director of ACE INA UK
  • Defunct Australian insurer HIH has won partial access to pleadings and legal information from AIG subsidiary Lexington Insurance Company to help advance possible fraud allegations against the broker JLT. HIH applied to the High Court following the Ju