February 2008/5

Ron Sandler will continue as chairman of Bermudian insurer Ironshore Ltd after taking the helm at newly nationalised UK bank, Northern Rock.

The US Supreme Court has refused to hear an appeal in one of the wind versus water cases spawned by Hurricane Katrina.

The Council of Lloyd's has invited chairman Lord Peter Levene to remain at the Corporation for an unprecedented third term.

Swiss Re has joined a growing pool of major market players setting up as admitted carriers in the deregulated Brazilian market.

Commercial property insurer FM Global has seen 2007 net income jump by 26 percent to $928mn defying increased competition in the market.

Shares in Canadian conglomerate Fairfax Financial Holdings ended Friday flat despite the firm's record 2007 results with investment income of $1bn driven by credit default swaps (CDS) tied to...

John Charman, the renowned market veteran, has signed a five year deal to continue as head of Bermuda-based AXIS Capital Holdings Ltd, the company he founded.

Benfield Group must downsize in order to survive as the development of the insurance linked securities market reduces the traditional role of reinsurance intermediaries, according to Panmure Gordon & Co analyst Barrie Cornes.

UK general insurer Royal & SunAlliance (R&SA) may update on its plans with its UK legacy exposures while unveiling its 2007 results later this week.

Two of the leading enforcers of Marsh's contingent commissions during the heyday of so-called Placement Service Agreements (PSAs) were found guilty last week of taking part in bid-rigging.

Start-up Lloyd's Syndicate 2008 has completed its first reinsurance to close (RITC) deal with the closure of the notorious 2001 account on XL Insurance syndicates 861 and 588.

After last year's SFr1.2bn write down of credit swaps, analysts have speculated that Swiss Re could face further losses from sub-prime and credit market exposure ahead of the group’s results due out this Friday.