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  • Goldman Sachs' entry to Lloyd's with a syndicate for the 2008 year – exclusively revealed by The Insurance Insider today (5 November) - occurs against the backdrop of the capital markets' increasing appetite to assume (re)insurance risk.
  • Arthur J Gallagher International’s new joint venture onshore/offshore "boutique" energy subsidiary has begun trading as Alesco Risk Management Services, as predicted by The Insurance Insider.
  • French giant AXA said it had produced a "strong first half" performance with underlying earnings up 19 percent to EUR2.1bn.
  • Scor's first quarter property and casualty (P&C) combined ratio deteriorated to 108.6 percent from 99.4 percent over the same period last year, following large losses from the Chilean earthquake and Windstorm Xynthia.
  • Matthew Elderfield, the current CEO of the Bermuda Monetary Authority (BMA), is to step down at the end of the year to take up the post of director of financial regulation at the Central Bank of Ireland.
  • Insurance specialists Edwards Angell Palmer & Dodge LLP (EAPD) and London-based Kendall Freeman have confirmed plans to merge the two law firms today (30 October), as predicted by The Insurance Insider last week.
  • Steven Schulman has become the second former Milberg Weiss LLP partner to plead guilty in a long-running federal probe into the making of improper payments to clients in an alleged kickback scheme.
  • WR Berkley delivered $119mn of net income in Q1, reversing its deficit of the previous year, after making investment gains and avoiding significant losses from the Chilean earthquake and Windstorm Xynthia.
  • Directors' and officers' (D&O) rates are predicted to fall by a further 10 percent in the final quarter of the year, according to a survey by broker Willis Group.
  • Lloyd's will pilot its new messaging hub, the Lloyd's Exchange, in the third quarter of this year, The Insurance Insider can reveal.