May 2008/1

Collins Stewart analyst Tim Young suggested a break-up of the RSA Group could be on the cards after it announced a 15 percent rise in group net written premiums to £1.7bn in the first quarter of 2008, compared to the prior-year period.

Marsh & McLennan Companies (MMC) has slipped to a $210mn first quarter net loss as a result of a $425mn goodwill writedown at its security consulting arm Kroll.

Insurance Australia Group (IAG) has been downgraded by Standard & Poor's (S&P) following a review of its risk profile, just days after receiving a renewed extension to QBE Insurance's merger offer.

Royal Palm changes hands; Offshore energy underwriter launches; PWS 'still under investigation...

Canopius down in March; Price Forbes in Bermuda launch; WR Berkley recruits Brit exec...

The UK High Court has set a 4 July date for scheme meetings for 82 companies involved in the EW Payne Underwriting Pools scheme of arrangement.

Ernst & Young is increasing its focus on (re)insurance run-off after launching a dedicated unit.

The UK Treasury published its consultation paper for the four amendments to be made to the Financial Services and Markets Act 2000 in order to allow Phase II of the landmark $7bn deal between Equitas and Berkshire Hathaway to proceed.

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

The two former Marsh Inc executives who were sentenced to jail time last month for their part in bid-rigging have had their sentences postponed pending their appeal.

Three CNA subsidiaries are challenging the jury verdict that left them facing a multi-million payout to clean up the Fox River in Wisconsin.

There have now been 76 sub-prime/credit crisis related class action lawsuits as anecdotal evidence suggests the extent of the (re)insurance industry’s potential exposures may be getting worse.