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  • A New York Supreme Court judge has denied US broker Alliant's bid to dismiss a lawsuit filed by its larger rival Aon over an executive poaching row linked to Peter Arkley
  • Swiss Re has sold its private equity investment arm to BlackRock and signed a strategic agreement under which the asset management giant will manage its alternative investment portfolio.
  • The stable of small-cap listed Lloyd's (re)insurers has dwindled to just two after Hardy confirmed that its deal to be acquired by CNA has become fully effective and that its shares will cease trading.
  • Founder of Irish insurer Quinn Insurance, Sean Quinn, has escaped a jail sentence but has been ordered to reveal his remaining assets, after being found guilty of contempt of court last week.
  • Lloyd's (re)insurer Hardy has confirmed that its deal to be acquired by CNA has become fully effective and that its shares will cease trading.
  • US property cat rates for nationwide carriers with loss free accounts at 1.7 were flat to up 5 percent, with less-affected business seeing rises in the 2.5 to 7.5 percent range, according to Willis Re.
  • Marsh announced today (2 July) that it has appointed Andrew George as chairman of its Global Energy Practice, reporting to Jim Pierce, head of the Marsh Global Industry Practices group
  • Lloyd's insurer Novae Group has been downgraded by stockbroker Peel Hunt following the apparently choreographed defections from its Zurich reinsurance office in May and June, together with the sluggish mid-year reinsurance renewal markets
  • Lloyd's insurer Amlin has promoted its current underwriting director for Amlin London, Simon Beale, to the new role of group chief underwriting officer, the company announced today (2 July)
  • US property cat reinsurers look set to be left disappointed for the second month in a row, with 1 July renewals seeing average rate rises in the flat to five percent up range, The Insurance Insider understands.