Specialty
Berkshire Seen as Just One More Competitor to E&S Execs
Despite Berkshire-Hathaway's entrance into specialty insurance business, standard markets are still the players most capable of changing the dynamics of the surplus lines market, executives said ...Corzine Masterminded ‘Scheme’ at MF Global, New Trustee Says; D&O Insurance Intact?
Jon Corzine, the former head of MF Global Holdings Ltd., masterminded a scheme to inflate earnings that led to the eighth-biggest bankruptcy in U.S. history, according to an updated lawsuit filed by ...
Twitter’s ‘Secret’ IPO Reignites JOBS Act Debate
Twitter's use of a confidential initial public offering filing has reignited a debate about a 2012 U.S. law that critics say denies investors time to digest a company's financial information and ...
AIG Expands D&O Side A Capacity to $100M
American International Group, Inc. announced Thursday that it is now offering globally up to $100 million in limits for Side A directors and officers liability insurance. Side A insurance responds ...BP Asks Judge to Deny Investor Class-Action Against Company, Officers
BP Plc asked a federal judge to deny U.S. investors the right to pursue a class action, or group, lawsuit claiming the company misled them before and after the 2010 Gulf of Mexico oil spill. The ...
Tower Group, Meadowbrook Filing Delays Prompt Shareholder Investigations
After two property/casualty insurers—Tower Group International Ltd. and Meadowbrook Insurance Group—said they would delay scheduled Securities and Exchange (SEC) filings last week, law firms set ...
Hiscox USA CEO Sees Revenue Growth From Building Brand And Workforce
When Ben Walter took the helm of Hiscox USA last year, he didn't have decades of underwriting experience on his résumé, nor did he have the intention of recruiting teams of specialty underwriters ...
SEC Bans Gupta From Director, Officer Roles; Imposes $13.9M Fine
Former Goldman Sachs Group Inc. director Rajat Gupta was ordered to pay a $13.9 million civil penalty and banned from serving as an officer or director of a public company for having illegally passed ...