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  • Share prices of Bermudian and Lloyd’s (re)insurers fell following the passage of a bill on Monday (22 January) that will see significant state intervention in the Florida insurance market and take an estimated $4bn premium ou
  • SVB, the Lloyd’s based insurer wrestling with its legacy of US professional liability (re)insurance losses, revealed bold plans today (10 February) to form a new UK-based insurance company while finally dealing with its back-year losses.
  • Shares in Bermudian (re)insurer Aspen Insurance Holdings ltd have jumped by more than 10 percent in early trading after the group’s record full year net income rose by nearly a third on the same 2006 period.
  • Insurance specialists Edwards Angell Palmer & Dodge LLP (EAPD) and London-based Kendall Freeman are understood to be close to reaching a merger deal, sources suggest.
  • Peter Harmer, CEO of Aon UK, is to become chairman of the London Market Reform Group (MRG).
  • Aon founder and executive chairman Pat Ryan has announced that he intends to retire from the broker on 1 August.
  • Embattled reinsurer ESG Re is suing accountancy firm Deloitte & Touche (D&T) and its Irish based partner Mary Fulton following its decision to resign as the company’s auditors last year.
  • US regulators turn attention to insurance brokers over the growing practice of charging volume commissions
  • Aon Benfield, the reinsurance arm of broking giant Aon Corp is to outsource its UK back office following the £935mn merger of the two firms last year.
  • Jacques Aigrain has resigned as CEO of Swiss Re just days after the troubled reinsurance giant announced a full-year 2008 loss and a series of measures to shore up its balance sheet.