October 2007/1

Failed (re)insurer Goshawk Insurance Holdings PLC has announced post-tax profits for the first half of 2007 of $1.7mn up from the $2.6mn loss it reported for the same period last year.

Colemont Global Group, the international arm of US wholesaler Colemont Corporation, announced the acquisition of a majority share in a leading Brazilian aviation broker last week.

A class action bid-rigging suit against a number of commercial insurers and brokers has failed to show the industry players were guilty of fraud under federal racketeering statutes or that they violated federal anti-trust laws...

The proposed Schemes for the 14 WFUM Pools Scheme Companies was sanctioned by the UK High Court on 17 September.

Lloyd's CEO Richard Ward has warned the industry that it faces a "severe skills shortage" and announced that the Society was launching a new graduate programme to attract talent.

The European Commission (EC) may call for an end to the practice of contingent commissions in its long-awaited final report into business insurance.

The bitter dispute between the former heads of Guy Carpenter's facultative (Fac) business and the company they worked for has reached an out of court settlement at the eleventh hour allowing them to join rival broker Integro Ltd.

Markel International, part of the stream of Lloyd's insurers opening a Singapore platform, has confirmed former Marsh Asia executive Peter Phillips will head its new office.

Bermuda-headquartered Lloyd’s insurer Hiscox Ltd has begun a share buyback scheme after purchasing 839,699 ordinary shares.

The debate last week over whether to end the "unfair advantage" enjoyed by Bermudians using US affiliates over American-domiciled rivals ended in a "stalemate", according to analysts at Morgan Stanley.

Catlin Group Ltd has welcomed AM Best's upgrade of the outlook on the London-listed (re)insurer's A rating from negative to stable.

The first set of results since its initial public offering (IPO) on London’s Alternative Investment Market (AIM) are “on track”, Tawa plc has revealed.