April 2008/2

The introduction of new laws in the UK covering corporate manslaughter has prompted one insurer to revamp its existing offering.

Lawrence Brandes, the head of Cadwalader Wickersham & Taft's reinsurance practice, has left the law firm to join rival DLA Piper in New York.

Erinaceous Group Plc has announced it will be selling its insurance division, Erinaceous Insurance Services Ltd, to one of its lenders after entering into administration.

Analysts have welcomed reports that Russia's largest bank Sberbank is considering buying Allianz unit Dresdner Bank's investment banking business.

The chairman of Australian insurer QBE Insurance Holdings blasted the Australian Stock Exchange for its "conflict of interests" following volatility in the company's share price which he blamed on short sellers.

A US federal appeal judge has upheld the decision by Florida's insurance regulators to bar Allstate Corp from writing new business in the state.

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

Guy Carpenter global Fac chief Mark Newman has resigned his post to head (re)insurer Catlin's Asia Pacific rim operations.

Despite failing to cut capacity significantly in the face of market softening, Lloyd's will not repeat past mistakes, according to industry legend, Maurice "Hank" Greenberg.

Reinsurance broker Benfield has won the Louisiana Citizens Property Insurance Corp account from rival Guy Carpenter in a beauty parade that also included Aon Re Global.

The latest North Atlantic hurricane forecast from Colorado State University (CSU) shows an increased likelihood of an active season this year.

Ratings agency Standard & Poor's (S&P) has downgraded the $135mn Class C notes of Oil Casualty Insurance Company's (OCIL) Avalon Re cat bond following the notification of claims arising from the New York steam pipe explosion in July 2007.