News
Turkey and Russia upgraded by Coface
Coface has upgraded two of the largest emerging European countries. Turkey has come out of the crisis with a better risk rating and Russia, which was hard hit, has recovered to its pre-crisis level.
Zurich ready to appeal EL ruling
Zurich is seeking permission to appeal the Apppeal Court decision on employers' liability trigger litigation.
Ruling leaves availability of cover to a "matter of chance"
Barlow Lyde & Gilbert has warned that the Appeal Court decision regarding employers’ liability trigger litigation makes it a “matter of chance” for policyholders as to whether cover will be available for mesothelioma claims.
Court deliberates over next step in EL trigger llitigation case
The Court of Appeal is deliberating this morning over whether parties involved in the employers’ liability trigger litigation case will be granted leave for further appeal to the Supreme Court, Post understands.
Law firm criticises "deeply troubling" EL trigger litigation decision
Henry Bermingham, public sector partner at national law firm Berrymans Lace Mawer, has described the Court of Appeal judgment on in EL trigger litigation as “deeply troubling”.
Ruling leaves availability of cover to a "matter of chance"
Barlow Lyde & Gilbert has warned that the Appeal Court decision regarding employers’ liability trigger litigation makes it a “matter of chance” for policyholders as to whether cover will be available for mesothelioma claims.
Appeal Court overturns EL trigger litigation ruling
The Court of Appeal has overturned a 2008 High Court decision that found the insurers who should pay claims for the fatal asbestos illness, mesothelioma are those that provided cover to the employer at the time of the asbestos exposure.
Hastings Direct appoints director
Broker Hastings Direct has appointed a new business development director, Andy Kirton to develop its affinity relationships.
Court deliberates over next step in EL trigger llitigation case
The Court of Appeal is deliberating this morning over whether parties involved in the employers’ liability trigger litigation case will be granted leave for further appeal to the Supreme Court, Post understands.
Appeal Court overturns EL trigger litigation ruling
The Court of Appeal has overturned a 2008 High Court decision that found the insurers who should pay claims for the fatal asbestos illness, mesothelioma are those that provided cover to the employer at the time of the asbestos exposure.
Hastings Direct outlines plan to float in 2012
Hastings Direct has outlined plans to float in 2012 after hitting its five year business plan within 18 months.
News from The British Insurance Summit
Reinsurance reports from last month's inaugural British Insurance Summit, which focused on the primary market, Solvency II and innovation.
Hardy extends Asian presence
Hardy Underwriting Bermuda has opened its new Singapore office, adding Hardy Underwriting Asia to the Lloyd's Asia platform in recognition of the growing significance of the Asia Pacific economies and the tendency for local markets to retain increasing…
GRF marks a year of progress
The Global Reinsurance Forum is a body of the world's largest reinsurers formed to respond to international policy and regulatory issues. Reinsurance reports on its latest activity.
Arbitration use rising
Global corporations are becoming increasingly sophisticated in their understanding and use of arbitration, according to Professor Loukas Mistelis, director of the School of International Arbitration at Queen Mary University London.
S&P upgrades Swiss Re outlook to 'positive'
Standard & Poor's (S&P) has affirmed Swiss Re's A+ rating in a statement, adding that the company had "demonstrated very strong resilience and recovery in its credit profile and, in our view, further de-risking should result in strong and more stable…
Run-off liabilities down
KPMG's annual run-off survey of UK non-life insurance shows that liabilities have shrunk by 21%.
Everest's Taranto extends stay at summit
Joseph Taranto is to reconsider his decision to retire and to remain as chairman and chief executive officer at Everest until the December 2012 in the wake of the resignation of Ralph Jones, president and chief operating officer.
Liberty adds agriculture and weather lines
Liberty Syndicates Management is entering the agricultural and weather reinsurance market by hiring a team of specialist underwriters.
CEA warns of European tax proposals "moral hazard"
The European insurance federation CEA has accused the European Commission of failing to differentiate between different types of financial institutions in its plans for taxation of the financial sector.
EC sets out plan to raise billions through financial sector tax
The European Commission has set out its ideas for the future taxation of the financial sector.
CEA warns of European tax proposals "moral hazard"
The European insurance federation CEA has accused the European Commission of failing to differentiate between different types of financial institutions in its plans for taxation of the financial sector.
EC sets out plan to raise billions through financial sector tax
The European Commission has set out its ideas for the future taxation of the financial sector.
Moody's withdraws Towergate rating
Moody's Investors Service has withdrawn its B1 senior secured and B3 senior unsecured debt ratings on Towergate Finance due to the fact that these notes have not yet been issued.