Directors & officers' (D&O)
Legal: Deafening whispers
Potentially massive claims related to financial products and major economic events such as the Madoff case and the collapse of Lehman Brothers indicate that reinsurance should brace itself for an upturn in disputes, writes Michael Lum
US financial markets - Enter the enforcer
Two years on from the onset of the financial crisis, what lessons has reinsurance learnt? Tim Evershed investigates.
Thistle appoints liability director
Underwriting Practice Jardine Lloyd Thompson-owned Thistle Insurance Services has appointed Zahid Naqvi, a senior market practitioner, as director of its professional liability practice.
Interview - Ken MacDonald: Keeping it simple
As former chief exec of Aon Global UK, Ken MacDonald has been refreshed by a return to a private company. Lynn Rouse talks to Miller's head of corporate risks about triple-digit growth and targeting FTSE 250 firms.
BIS countdown - Interview - Michael Casella: Commitment to the Chubb cause
The new CEO of Chubb Europe, Michael Casella, has spent 28 years travelling the world with the firm. Now based in London, he tells Jonathan Swift why it set up a new Lloyd's syndicate and why you'll never see it dipping in and out of markets.
Dual boss admits Hiscox deal good for flotation
Dual International chief executive Bob Van Gieson has admitted moving away from having Arch Capital as its sole capacity provider for its main book of business makes it better placed for a flotation.
Dual in SME e-business launch
Dual Corporate Risks has launched an e-business strategy targeting small businesses.
EMEA insurance buyers reap benefits from increased competition
Insurance buyers across Europe, the Middle East and Africa are reaping the cost benefits created by greater competition among insurers for their business and the added capacity generated by new entrants to the market, according to a new report.
Dual links up with Odyssey Re for German D&O push
Dual Deutschland, the German cologne based MGA and part of The Dual Group, has secured new capacity from British insurer Newline Insurance Company, part of reinsurer Odyssey Re Group, to underwrite D&O for large financial institutions in Germany.
Marsh Germany hires D&O expert
The German operation of insurance broker Marsh has hired directors' and officers' specialist Stefan Steinkühler.
Argo expands D&O team
Argo International has expanded its directors' and officers' team with the appointment of Rita Mistry and Anthony Hope.
Deal adds £10m to Dual's capacity
Dual Corporate Risks has created a strategic alliance with Newline Syndicate 1218 at Lloyd's.
Broking focus - bribery act: Proscribing bribing
With the spotlight on broker commissions, Leigh Jackson reports on the incoming Bribery Act and the threat it poses for financial incentives.
Post Europe - Focus on Greece
The European insurance market is facing a tough economic climate but none more so than the Greek market with its government’s financial debt crisis. Edward Murray reports on how the industry is coping.
Technology - Global platforms: One size won't fit all
As online distribution becomes more ubiquitous, Paul Ferris warns that such platforms must be used with sensitivity to local practices.
PI law changes offer opportunities for brokers claims expert
New laws making professional indemnity insurance obligatory for a wide range of professions, are leading to increased distribution opportunities for brokers.
Cooper Gay delivers warning on D&O
Dan Barton, managing director of professional risks at Cooper Gay, has said many international companies with subsidiaries spread across the globe do not have adequate controls in place to ensure they remain both compliant and sufficiently protected…
Marsh raids Willis for insolvency team
Marsh has launched a dedicated practice to provide risk and insurance advice to UK insolvency practitioners after appointing six employees from rival broker Willis.
P&C assumptions may be torn up after Deepwater incident
Insurers and reinsurers are likely take a hard look at the assumptions used to price property and liability coverages for drilling platforms in the wake of the Deepwater Horizon loss, according to Moody's Investors Service.
Torus launches professional lines cover in Europe
Speciality insurer Torus has launched a new professional lines offering in France and Germany.
Chartis, QBE and Dual back £1bn GWP private equity start up
The British Private Equity and Venture Capital Association has today launched BVCA Insurance Services to help members and their investee companies with their insurance needs.
Chartis: FSA, SFO and HSE investigations of most concern
Companies are most concerned about the threat of investigations by official bodies, according to delegates at a seminar held by Chartis Insurance UK.
Marsh warns European financial firms over insurance cuts
Broking giant Marsh has warned financial institutions against cutting back on their insurance despite the economic climate.
Goldman Sachs does not have E&O cover
Goldman Sachs, the investment banking giant that has recently been indicted by the SEC for fraud, does not carry E&O insurance, market sources have told Reinsurance.