April 2008/1

A slump in underwriting results in the US property/casualty insurance industry dented its profitability last year, according to Insurance Services Office (ISO).

The head of Lloyd’s China, Ian Faragher is to step down after two years in the role, The Insurance Insider can reveal.

American International Group (AIG) has renamed its Domestic Brokerage Group and appointed Kristian Moor as head, the insurance giant has announced.

Sagicor Financial Corporation (SFC) – which acquired Lloyd’s insurer Gerling at Lloyd’s and its Syndicate 1206 last September – has announced an increase in net income to over $100mn in 2007.

Japanese renewals unpredictable following losses; ACE to make Swiss move; Junipurus start-up builds underwriting team; Mapfre appliesfor Brazilian licence; S&P warns on Swiss Re’s missing business...

GLOBAL Reinsurance Co - the former reinsurance arm of Germany's Gerling Group which went into run-off in 2002 - is applying to the UK courts for approval for a scheme of arrangement in the UK.

Berkshire Hathaway Inc has taken on two of White Mountains Insurance Group Ltd’s run-off units as part of the $836mn that divests it of its stake in the insurer.

The recent surge in reinsurance-to-close (RITC) transactions is reflected in Lloyd's figures that reveal a dramatic fall in the number of run-off years of account at the end of 2007.

Our monthly column keeping a check on recent US and EU legislative and regulatory developments, in association with Sidley Austin LLP

Insurers owned by US giants American International Group (AIG), Chubb and CNA are facing a multi-million dollar bill for cleaning up the Fox River in Wisconsin after a jury ruled in a paper company's favour.

Marsh & McLennan Cos and Willis Group Holdings Ltd - two of the global brokers who axed contingent commissions in the aftermath of Eliot Spitzer's investigations into the industry - are complying...

Shares in Heritage Underwriting Agency plc surged to a record high at the beginning of the month after its board recommended a 154p a share cash offer from Argo Group International Holdings Ltd that is set...