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  • German giant Allianz has upped its 2006 earnings forecasts following a set of strident second quarter figures that include a 64 percent rise in net profit to EUR2.3bn against analysts’ consensus of EUR2bn.
  • Lloyd's was lauded in some quarters at the beginning of the month; praised for a record return to profit after years of losses, congratulated for its peer beating combined ratio, and bandied about as a unique performer in an otherwise depressed industry.
  • Mark Cloutier, the chief executive of run-off (re)insurer the Alea Group, will step down next year, the firm has confirmed.
  • Independent reinsurance broker RK Carvill is separating its underwriting and broking businesses in a corporate restructure that will result in “material” redundancies, The Insurance Insider can reveal.
  • Aon Corp unveiled a significant restructuring of its senior international management last month which saw Steve McGill, the former JLT Group chief executive, become the head of a newly created Aon Global division.
  • Willis CFO and COO Patrick Regan has announced plans to leave the insurance broker to join the world’s fifth largest insurance group, Aviva, as CFO.
  • The twin impact of the financial markets turmoil and the recession are clear to see in first half figures for the US property and casualty industry, with both the top and bottom line heavily hit.
  • AIM-listed accounting firm Vantis has been forced to suspend shares and its CEO and another director have resigned after conceding that the firm may not be able to continue as a going concern.
  • Sidecars may have been around before last year’s trio of devastating hurricanes, but the trend to set up such vehicles was taken to a new level as (re)insurers looked to offload risk from balance sheets damaged by heavy losses and under the scrutiny of...
  • Bermuda found itself in the middle of a Transatlantic diplomatic row last week after it emerged that its premier, Dr Ewart Brown, had unilaterally accepted the resettlement of four stateless Chinese Uighur Guantanamo Bay detainees...