Directors & officers’ (D&O)
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.
Catlin swoops for Angel business
Catlin has acquired the professional indemnity and directors’ & officers’ liability book of business underwritten by Angel Underwriting.
Goldman Sachs charged with fraud by the SEC
Goldman Sachs Group was charged with fraud on Friday by the US regulator in the structuring and marketing of a debt product tied to subprime mortgages.
Myners scraps Class Action plan in rush to get Financial Services Bill through
The Government has dropped its controversial plans in the Financial Services Bill to allow class actions against financial institutions.
Torus enters UK financial lines with new underwriting agency
Torus UK has entered into the financial lines marketplace in London through a newly formed underwriting agency Torus Executive Risks.
The Post Europe Interview: Maurizio Castelli
Maurizio Castelli, Managing Director for Italy at XL Insurance answers Post Europe's questions.
US class-action securities lawsuits rose 39% in 2009
Settlements rose 39% in 2009, according to a study by Stanford Law School and Cornerstone Research, less than feared by many US D&O insurers.
Aviva launches media insurance product
Insurance giant Aviva has launched a specialis product offering protection for media firms.
Q&A - Markel
In the latest of a regular focus on European insurance companies and brokers, Insurance Insight talks to Esteban Manzano, managing director, Markel Spain.
PYV launches investment fund division
Lloyd’s professional indemnity insurance broker launches business unit to offer bespoke insurance products and services for traditional and alternative funds.
Marsh sees trade credit rates increase up to 50% across Europe
Increases in financial institutions' insurance ranged from more than 40% to 50% in Turkey, to 10% in Switzerland and South Africa. In the UK and Ireland, increases ranged from 10% to 30%.
Allianz Global enters D&O market
Allianz Global Corporate & Specialty is expanding into commercial directors' and officers' following its market entry into professional indemnity in 2009.
D&O expert joins Marsh from Chartis
Marsh has appointed Eleni Petros as a senior vice president in its financial and professional practice.
Directors' & Officers' - economic impact: Bitten by the risks?
The credit crunch threatens to bring a rise in directors' and officers' claims. Jane Bernstein investigates whether this threat is becoming a reality and how this is affecting sales of the product.
Bluefin to provide D&O scheme for Biba members
New policy to be underwritten by Ace
Dual raids Brit for underwriting boss
Exec chair Russell Kilpatrick welcomes Jenny Martin to group.
Novae places subsidiary into run-off
Novae to look for a company to run off its D&O business, while placing subsidiary NICL in run-off.
HCC to merge Lloyd’s syndicates
Approval granted for 4040 and 4141 tie-up
APC launches into SME D&O market
Coleman joins from Lloyd's to help build book.
IPO and capital raising activity behind surge in specialist D&O cover
Marsh creates an insurance D&O facility to meet these challenges.
CFC broadens SME product range
Underwriting agency offers management liability cover for first time