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  • IAG has written off all of the goodwill in its UK business Equity Redstar, which senior financial sources suggest could lay the ground for a sale at a significant discount to book.
  • Andy Beecroft, Aon Benfield's most senior M&A adviser in London, and a number of his team members are moving to rival Guy Carpenter, The Insurance Insider has learned.
  • Lloyd's S&P upgrade possible; RBS direct for IPO; Benelux build out; California hit by earthquake ‘swarm'; HCC $300mn buy-back; Maiden offering; Novae CFO to exit; Validus upgraded; Southport Re recruits; Suncorp targeted more cat limit before Berkshire QS; Generali US arm up for sale; Liberty drive; Howden builds London energy team; BMS US hire
  • Omega's most senior staff have left the group or are in the process of doing so after the acquisition by fellow Lloyd's insurer Canopius completed, The Insurance Insider understands.
  • Initial fears of a $1bn+ energy loss from a Venezuelan refinery explosion have been allayed, with the market now expecting at worse a modest loss, The Insurance Insider can reveal.
  • For all that has been written about the much-vaunted shift of global economic power from west to east in the past decade, some phenomena seem slow to adapt to the new realities.
  • As Tropical storm Isaac strengthens to a Category 1 hurricane, residents of New Orleans are bracing themselves for an expected storm surge that will put the city's rebuilt flood defences to the test for the first time since Hurricane Katrina.
  • Total (re)insured losses from the severe drought in the US are expected to exceed $13bn and may rise to $20bn, according to catastrophe modelling firm AIR Worldwide
  • Tropical storm Isaac is drawing parallels with Hurricane Katrina as it heads towards New Orleans, seven years on from the 2005 disaster.
  • A fire at Venezuela's largest oil refinery, Amuay, has spread to a third fuel tank after an explosion tore through the facility on Saturday (25 August) in one of the worst accidents the global oil industry has seen in years