Claims
Ironshore makes acquisition
Acquisitive Bermudian insurer Ironshore has bought out Toronto-based reinsurer Marine Re.
Zurich in settlement with SEC
(BestWire) - The U.S. Securities and Exchange Commission filed a lawsuit against and simultaneously entered a $25m settlement with Zurich Financial Services. The lawsuit alleged civil securities fraud related to finite reinsurance transactions.
Nacho teams up with AMA for new credit hire group
The Accident Management Association and the National Association of Credit Hire Operators have formed a credit hire focus group to work together on delivering solutions to the challenges faced by the industry.
Kennedys continues expansion in West Midlands with new team
Law firm Kennedys has continued its expansion in Birmingham following the appointments of partners Eamon Mooney and Robert Welfare, solicitor Angela Fisher and trainee legal executive Julie Barnes from DLA.
Willis appoints new Brazil head
Willis has appointed José Otávio Sampaio as chief executive for Willis Brazil, one of the biggest growth areas for the global insurance broker. He will report to Eugenio Paschoal, CEO, Willis Latin America and former CEO of Willis Brazil.
XL says to expect further mark to market losses in Q4
XL, the Bermudian (re)insurer, said that it expects to report approximately $200-$220m in net investment fund affiliate losses from its alternative investment portfolio for the fourth quarter of 2008.
Does size matter?
Legal Focus: Review of the Year
Credit crunch link to rise in potential HNW fraud
Fraudulent property claims are on the rise as the impact of the credit crunch reverberates through a...
Now is the opportunity to play a pivotal role in risk
Risk and insurance managers have never had it so good. The need for firms to have good risk manageme...
Information fishing expeditions ruled out
Gwelhayl Ltd v Midas Construction Ltd and Bailey Partnership (Queen's Bench Division - 16 September 2008)
Credit hire case sets fraud claim precedent
Farrell and Short v Birmingham City Council and Direct Accident Management Services Ltd (Birmingham County Court - 1 October 2008)
Plaques bill could trigger U-turn
Financial wrangling could stop the Scottish government overturning a House of Lords decision to halt...
KGM: some CHOs are changing
Two appeal cases that found in favour of KGM Motor Insurance have supported insurers in their legal ...
EA hit by "but for" rule
The Environment Agency v Ellis (Court of Appeal - 17 October 2008)
Asbestos claims spike will be delayed
Nick Pargeter, partner at Berrymans Lace Mawer, gave insurers the lowdown on current theories explai...
Focusing in on the issues
Legal Focus: EL trigger decision
Year of adjustment
Review of the Year: Loss adjusting
Zurich: "Media has vital role"
The media has a vital role to play in the fight against fraud, according to Zurich claims fraud inve...
MP calls for retention of employers' liability database
MP John Hemming has raised concerns in Parliament over moves to remove the Employers' Liability (Compulsory Insurance) Regulations 1998 that mandates the retention by employers of insurance certificates for at least 40 years.
Endurance to sell UK business - sources
Endurance, the Bermudian (re)insurer, is to sell its UK insurance business, industry sources told Reinsurance.
MYI recruits new executive director
International loss adjuster MYI, said it has appointed David Gillan as executive director. .
Lexington appoints new CEO after Kelley resignation
AIG has named Peter Eastwood as president and chief executive officer of Lexington Insurance Company, a unit of AIG Commercial Insurance and the nation's leading Surplus Lines carrier.
D&O writers bracing for high stakes litigation
D&O underwriters, as well as errors and omissions insurance providers who have financial institutions as clients, are now bracing for a new wave of claims driven by mega-bankruptcies and government-takeovers that have wiped out billions of private…
Vietnam insurance industry expected to grow 12% in 2009
(BestWire) - Vietnam's Ministry of Finance said the insurance industry is expected to post an average growth rate of 12% to 13% in 2009, higher than the forecast growth of 8.22% this year.