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  • Markel International and QBE have won their bond fraud case brought against executives of Surety Guarantee Consultants Ltd (SGC) and a former Templeton Insurance director in the UK High Court.
  • Replacing the well-respected Franchise Performance director will be a tough act, but Lloyd's must begin search
  • Lloyd's insurer Advent Capital (Holdings) plc revealed a welcome return to profit after the devastations of the 2001 underwriting year. The former BF Caudle agency is forecasting a strong profit of 25 percent on the 2002 year of its Syndicate 780, but
  • The world's largest interbroker-dealer ICAP plc and insurance broker JLT Group plc have launched their joint venture to establish an insurance based derivatives and securities broking platform, subject to FSA approval.
  • The Spitzer fallout continues for Marsh & McLennan Cos (MMC) with the filing of an anti-trust lawsuit by the state of Ohio against the world's largest broker, along with American International Group and three other insurers.
  • Veteran class action lawyer Bill Lerach, who represented Enron investors and other shareholders suing large corporations, faces up to two years in jail and will be forced to pay $8mn in fines after pleading guilty...
  • Bond insurer FGIC Corp has told regulators it wants to break into two in a bid to save its credit rating, according to a New York Insurance Department spokesman.
  • AM Best has answered back at concerns raised over its rating of the wave of start-ups descending on Bermuda, highlighting its tough approach to testing the financial viability of companies, and expressing satisfaction with the infrastructures in place.
  • Connecticut attorney general Richard Blumenthal has vowed to draw back the "cloak of secrecy" covering the "entire reinsurance industry" following the filing of an anti-trust lawsuit yesterday against global reinsurance broker Guy Carpenter.
  • The Japanese government will increase its limit for earthquake reinsurance payments for the first time in three years, according to the Daily Yomiuri newspaper.