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  • The European insurance watchdog has warned that the region could be facing a full-scale "meltdown" without decisive and comprehensive action from policymakers to reassure markets
  • Plaintiffs suing former MF Global CEO Jon Corzine are forming an orderly queue to be lead plaintiff in a class action suit over the once mighty broker's spectacular failure
  • Loss-free aviation excess of loss reinsurance rates dropped while the loss-heavy space market also lowered prices at 1 January
  • Berkshire Hathaway lived up to its reputation as the consummate opportunist by becoming one of the biggest reinsurers in Thailand overnight on 1 January, The Insurance Insider revealed.
  • The two former partners on the ill-fated Macondo oil well site continue to trade punches in US courtrooms
  • Energy reinsurance renewals have proceeded with rate rises and higher retentions after a year of high losses
  • Brazil's oil regulator has sanctioned Chevron for the third time over the Frade oil field spill last year
  • If it is received wisdom that no New Year's resolution has a lasting impact, then Chartis' determination to emerge in 2012 with a slimmed down catastrophe reinsurance programme may be the exception that proves the rule.
  • A New York court has granted victory to Aon in its long-running legal battle against rival broker Alliant by issuing an injunction against former senior Aon construction broking executive Michael Cusack and his new employer
  • London-headquartered (re)insurance broker RFIB has initiated steps to overhaul its underperforming business after its 2011 results were weighed down by the discovery of £1.5mn of bad debt