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  • RSA has placed a Czech motor insurance subsidiary in run-off, which will add a £10mn restructuring charge to the group's half-year result
  • Omega's founder and former underwriting chief John Robinson is taking the insurer to court in Bermuda ahead of its sale to Canopius
  • The four former General Re executives and one AIG executive accused of defrauding investors through a phoney reinsurance transaction in 2000 have reached a resolution of the criminal case, according to a court filing.
  • GEICO Corp's high profile television commercials saw the Berkshire Hathaway auto insurance subsidiary once again outspend its US P&C peers on advertising in 2011.
  • In a move which is likely to have a substantial impact on syndicate business planning for 2013, Lloyd's has decided to relax its requirements regarding exposure to a major catastrophic event.  
  • AIG has drafted in one of its own non-executive directors, Laurette Koellner, to fill the new role of executive chairman at the International Lease Finance Corporation (ILFC) as it seeks to defuse a personnel row
  • The Insurance Council of Texas (ICT) has estimated insured losses from the recent hailstorms in Dallas at just under $1bn, significantly less than the $2bn figure put forward by another local trade body last week.
  • Typhoon Guchol, the first super typhoon of the 2012 season, is likely to cause insured losses in Japan of less than $500mn, according to cat modeller Eqecat.
  • The winners of the 2012 Trading Risk Awards were revealed at a ceremony hosted in London last night by our sister publication
  • Uncertainty in the capital markets and depressed investment income are focusing the wider (re)insurance industry on the value that legacy solutions can create, a panel of senior legacy professionals has said