March 2008/2

Willis captive manager Ken MacKay has been arrested for allegedly embezzling more than $2mn from the broker and its clients.

Aon has brought a negligence case against Reynolds Porter Chamberlain (RPC) following Standard Life's claim against the broker.

Venture capital firm 3i Quoted Private Equity Ltd (3iQPEL) has acquired 1.7 million shares in AIM-listed UK broker Jelf Group plc, taking its stake in the firm to 27.9 percent.

Towergate's executive chairman Peter Cullum is reportedly in talks with private equity group Candover over the potential sale of a 25 percent stake in the intermediary.

Swiss Re's 20 percent, five-year P&C quota share reinsurance deal with Berkshire Hathaway continues to intrigue, despite the Zurich-headquartered reinsurer providing greater detail with its 2007 results last month.

Investors looking beyond capital repatriation for share price momentum when 2007 results are published

French insurance giant AXA's UK subsidiary has continued its acquisitive march through the UK broking landscape with an accepted offer to buy 100 percent of broker SBJ Group Ltd for £158mn.

Lloyd's insurer looks poised to become the next overseas acquisition with new interest from Bermudian predators

Shares in Australian (re)insurer QBE Group slumped after the company missed analyst profit estimates for 2007, raising questions over its rapid expansion strategy.

Full-year results from early reporting Lloyd's insurers yielded bumper profits that were tempered by soft market warnings and cycle management strategies.

A US jury has returned a verdict of guilty on all counts in the trial of Gen Re and American International Group (AIG) executives over a sham $500mn finite reinsurance contract between the two companies.

The future for XL Capital affiliate Security Capital Assurance (SCA) looks untenable, as shares in the monoline insurance company plummeted to a 52-week low of just 67 cents.