Edwards Angell Palmer & Dodge’s Insurance and Reinsurance Department recently published its latest Newsletter, Insurance & Reinsurance Review – December 2009, which contains eight articles about various topics in the insurance and reinsurance industry.
Insolvency, Restructuring and Run-Off
UK: Third Parties (Rights against Insurers) Bill Introduced Into Parliament
By Troutman Pepper Locke on
The Third Parties (Rights Against Insurers) Bill (the Bill) had its 1st reading in the House of Lords on 23 November 2009. It is designed, in particular, to remedy the shortcomings of current legislation in protecting the rights of third party claimants against insurers of the liabilities of insolvent defendants. …
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UK – High Court Sanctions Trimark Solvent Scheme of Arrangement
By Troutman Pepper Locke on
On 11 November the High Court sanctioned the solvent scheme of arrangement of the Trimark Pools, which had been in run-off for over 40 years. The schemes involved London market reinsurance business written by 48 different companies. …
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UK: Court of Appeal Confirms that English Courts have no Jurisdiction to Sanction Lehman Brothers Scheme
By Troutman Pepper Locke on
In a judgment handed down last week, the Court of Appeal upheld the decision of Mr Justice Blackburne (previously reported here) that the English courts have no jurisdiction to sanction the proposed scheme of arrangement for Lehman Brothers International Europe (LBIE) insofar as it purports to extinguish rights of beneficiaries under trusts.
AIRROC/Cavell Commutations and Networking Event 2009
Mark Everiss and Nick Pearson of Edwards Angell Palmer & Dodge were again busy at the 2009 AIRROC/Cavell Commutations and Networking Event. …
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UK: Scottish Court Formally Dismisses Proposed Scheme of Arrangement
By Troutman Pepper Locke on
Following up on our previous blog on Lord Glennie’s controversial decision in the Scottish Lion solvent scheme of arrangement we can now report that last week the scheme was formally dismissed. …
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AIRROC/Cavell Commutations and Networking Event 2009
Yesterday, October 20, 2009, Mark Everiss and Nick Pearson attended the second day of the AIRROC/Cavell Commutations and Networking Event 2009.
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Barbara Murray of Kemper Named as AIRROC’s Run-Off Person of the Year
At the lavish opening dinner of the AIRROC/Cavell Commutations and Networking Event 2009, Barbara Murray of Kemper was named as AIRROC’s run-off person of the year.
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AIRROC/Cavell Commutations and Networking Event 2009
The 2009 AIRROC/Cavell Commutations and Networking Event in New Jersey USA, began yesterday, October 19, 2009, with Mark Everiss and Nick Pearson of Edwards Angell Palmer & Dodge amongst the record number of attendees at this event.
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HK: Ernst & Young Settle the Akai Holdings Case
By Troutman Pepper Locke on
Posted in Hong Kong, Insolvency, Restructuring and Run-Off
Ernst & Young (“E&Y”) has settled the Akai Holdings (“Akai”) case with Akai’s liquidator, Borrelli Walsh. In the case, E&Y was accused of negligence for failing to avert Akai’s collapse in 2004. …
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