September 2007/2

Swiss (re)insurance giant, Zurich Financial Services Group, has revealed a net loss estimate of $260mn for the UK July floods, bringing the group’s total tally for this summer’s events to $660mn.

Specialist Lloyd’s insurance group Chaucer Holdings plc announced continued strong financial performance, with pre-tax profit of £47.9mn, despite softening rates across most lines of business.

Hard-pressed airline insurers mull cut backs as renewals beckon; NYMEX trades first insurance derivative; S&P chief steps down amid sub-prime criticism; MMC in $800mn share repurchase...

Underwriting agency Temple Legal Protection has appealed to the High Court after QBE Europe was given the right to manage its book of after-the-event insurance.

Insurance services company Whittington has overseen the first successful scheme of arrangement for a Singapore-based insurance company, with the closure of Lion City Run-Off Private Ltd.

QBE launches European reinsurance operation; Insurance industry ready to respond, says Levene; Price Forbes hires former Endurance energy underwriter; Hampden lists on AIM despite falling short with IPO...

Newly-listed Tawa plc raided outsourcing firm Axiom Consulting to strengthen its asbestos, pollution and health hazard (APH) expertise.

Afinia Capital Group has joined the tide of new entrants to the discontinued business sector with backing from high profile capital markets players.

Our monthly column keeping check on US and EU legal and regulatory developments, in association with Sidley Austin LLP

Bermudian Arch Capital Group has struck back at Gen Re in the latest round of the legal disputes over the departure of four Gen Re executives to Arch in April.

A US bankruptcy judge has approved The Travelers Cos' settlement of one of its largest asbestos exposures for $449mn.

New York law firms LeBoeuf, Lamb, Greene & MacRae LLP and Dewey Ballantine announced that they have entered into a definitive agreement to merge...