August 2007/2

UK (re)insurer Aviva reported heavy losses of £235mn for the UK floods in June, dwarfing those of UK competitor Royal & Sun Alliance, who reported flood losses of £55mn for the second quarter.

French (re)insurance giant AXA reported strong first half results for 2007 on a comparable basis with 2006, boosted further by the successful integration of Winterthur.

Guy Carpenter chairman to join Aon; Integro CEO sues MMC over departure; Evans to joins White Mountains Re; Marsh set to take fees from insurers; Flood exclusions stand after Katrina decision...

QBE frustrated by Names’ exit expectations; Bedford to head up GCFac UK; Cost cutting continues at R&SA; Goldsmith retires from Towers Perrin; Re-Ex sees first cat option transaction...

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

UK regulator the Financial Services Authority (FSA) has recommended the appointment of policyholder advocates for non-life schemes of arrangement.

Worst hit by the dual impact of second quarter cat losses and the stock market slide was IPC Holdings, as it followed a July profits warning with confirmation of second...

Not even RenaissanceRe Holdings Ltd was immune to the late July/early August share sell-off, despite upping estimates for catastrophe reinsurance business after writing more premiums than expected in the first half of the year.

Despite strong half-year 2007 operating performance across the (re)insurance sector, shares fell indiscriminately as equities suffered severe jitters over the global credit crisis.

The UK's Court of Appeal has upheld the decision that broker JLT Risk Solutions (JLT) owed Australian insurer HIH a "duty to inform" post-placement in a decision which is seen as...

Tolle commitment adds stability for potential buyers