Danish insurer Qudos ceases underwriting


Only hours after the Lloyd’s Syndicate 1884 announced it had ceased underwriting, the unrated Danish insurer Qudos Insurance confirmed that it has suspended underwriting with immediate effect.


US antitrust approval granted for MMC’s acquisition of JLT


The US Federal Trade Commission (FTC) has granted US antitrust approval for Marsh & McLennan Companies’ $5.6bn takeover of JLT.


Ardonagh: Insurance Insider “inaccurate” over energy defections


The Ardonagh Group has described an Insurance Insider article as “inaccurate” in a bitter legal battle between the firm and its larger rival, Gallagher Group.

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Insurers lose court battle over Iran sanctions claim


A host of London market and Lloyd’s insurers have lost their High Court battle over a decision to not pay out on a $1.7mn marine cargo policy over fears that payment may expose them to a wave of Iran-related political sanctions.


Ardonagh’s £625,000 loan to rival’s employee not made to secure 'loyalty'


An offshore company associated with UK broking house The Ardonagh Group paid a £625,000 loan to an employee of a rival firm without any intention of securing his “agreement” or “loyalty” to join the group despite him later doing so, according to defence submissions filed at the UK High Court.

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AIG sues Kim Kardashian’s bodyguard for $6mn


AIG is attempting to recoup $6.1mn in losses from the former bodyguard of Kim Kardashian West.