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  • Insurers exposed to the myriad of US shareholder class action suits were encouraged by New York courts last week who rejected four lawsuits against Wall Street banks and the dot.com companies they helped IPO in the heady days of the late nineties.
  • George P Reeth, president of Willis North America has resigned with immediate effect, The Insurance Insider can reveal.
  • Syndicate 1204 Salvaged from the debris of Ed Kelly’s Syndicate 349, which in 1992 closed three losing open years of account into Equitas, Syndicate 1204 never really got to grips with its new business plan. Under the hand of Crowe management, Ernie Ha
  • As ACE Limited announced a solid set of second quarter results, the spectre of asbestos balance sheet threats loomed again amid concerns over the legacy of Brandywine and ACE INA, inherited with the $3.45bn purchase of CIGNA’s p/c operation in July 1999.
  • The collapse of capital providers such as HIH will cost Lloyd's more than £400mn, the market's latest annual report reveals.
  • Natural risk takers generally don’t do well as managers of public companies, according to seasoned entrepreneur Stelios Haji-Ioannou, the man who brought us easyJet and easyCar.
  • Investors' enthusiasm for the Lloyd's sector is not unlimited, as Creechurch Group’s decision to post-pone plans to float on AIM proves. Earlier this year, the Lloyd's based insurer appointed advisors Hoare Govett to seek investors prepared to back a £
  • French reinsurer SCOR has successfully raised a total of EUR233.2mn from the issue of 149.5mn shares (after full exercise of over-allotment option), with the majority of the gross proceeds going to buy back the remaining shares of Irish subsidiary IRP.
  • Omega Underwriting Holdings plc has until the 1 August to table a fresh offer for its fellow Lloyd's insurer Hardy Underwriting Group plc or withdraw its interest, according to a ruling from the London Stock Exchange Panel Executive.
  • A"medium term" IPO for reinsurance spin-off Aspen Re has inspired London Stockbrokers Altium Capital to upgrade sister company Wellington Insurance Holdings from a hold to a buy recommendation.