April 2009/4

Directors' and officers' (D&O) commercial rates remain sluggish despite fears of a claims onslaught from the economic crisis, according to a survey by global broker Willis.

Alea Group chief executive Mark Cloutier will step down next year, the run-off (re)insurer confirmed last week (24 April).

City General - owned by run-off manager Ruxley Ventures and advised by law firm Clyde & Co - has received court approval for a solvent scheme of arrangement to wind down the (re)insurance policies transferred to it in 2007 from the London branch of Genera

Brit Insurance has emerged as the favourite candidate to acquire Lloyd's insurer Chaucer Insurance Holdings, after final bids were posted last week.

Hartford Financial Services Group may be broken up, after reports emerged that the beleaguered US insurer is seeking bids for its core property and casualty (P&C) business.

Lancashire Insurance Group is filling part of the growing void in Gulf of Mexico (GOM) windstorm cover by opening up its Octopus product to the wider market.

After being buoyed by comments from the G7 group of most industrialised nations on Friday (24 April) that the world economy was showing early signs of recovery, global stock markets slipped downwards again this morning amid fears of a swine flu epidemic.

While, as expected, the European Parliament took the significant step of approving the Solvency II framework directive last week (22 April) the compromise that excluded the contentious group support provision was described as a "missed opportunity" by Eur

The delicate structure of Aon Benfield’s London-based specialty casualty division has been determined with a new head, the former Gallagher Re CEO Simon Gander, The Insurance Insider can reveal.