September 2007/2

Willis has lodged a High Court injunction to prevent rival Marsh UK using information it gained after allegedly poaching its employees.

Bill Lerach, the veteran class action lawyer who represented Enron investors and other shareholders suing large corporations, will retire from the law firm he founded to fight allegations of improper activity...

A trio of senior executives of Independent Insurance, which collapsed in 2001, have been attempting to shift the blame between themselves and to other members of staff, a court has heard.

Benfield Group has become the latest reinsurance broker to respond to the growth in insurance linked securities with the creation of a new team to advise on non-traditional risk transfer solutions.

Despite signs earlier in the year that demand was drying up for the vehicles, a new model of sidecar is emerging, with the recent launch of Mont Gele Re and Emerson Re.

The nascent insurance-linked securities (ILS) marketplace is on track to become "one of the great and exciting stories of financial innovation in the next five to ten years", according to Michael Spencer...

Bermudian (re)insurer White Mountains Group is mulling an innovative motor securitisation, signalling the continued broadening of the insurance-linked securities (ILS) sector from its catastrophe risk roots...

The departure of a number of key producers that have followed divisional head of facilities Hugh Champion out the door of UK independent broker Heath Lambert which may scupper management’s chances of selling the firm as a single entity.

The price paid for Lark Insurance Broking Group by Groupama UK after it triumphed in a four way bidding contest has once again highlighted the increasing value of distribution channels to UK-based insurers.

After finally closing its $2.8bn protracted acquisition of rival Converium Holding AG, French reinsurer SCOR wasted little time in setting out its stall as it aims to push into the top 5 of global reinsurers.

A trio of European (re)insurers filed interim figures that largely escaped the fallout from the US sub-prime crisis, but revealed the impact of the year’s non-US catastrophe losses.

Although revenue growth impressed at Benfield Group Ltd's Corporate Risk business (BCR), shares in the broker fell as the John Lapsley headed division reported a trading loss of £4.6mn...