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  • Shares in (re)insurers and brokers across the board have followed the global stock markets sharply down in trading today as investors react to growing fears on the economy and the failure to arrest the European debt crisis.
  • Global reinsurer Munich Re says it is on track to return to profit for 2011 despite posting a first-half loss of EUR210mn.
  • Soros run-off insurer in £68.5mn deal; Steel tycoon Mittal may finance potential Whittington takeover
  • For all their controversy in other jurisdictions, the London market has continued to demonstrate an appetite and approval for schemes of arrangements as a means of securing finality for run-off business
  • FSA punishes Willis; Zurich moves to block Sony claim; Talbot scores
  • Former General Re CEO Ronald Ferguson, along with three of his ex-colleagues and AIG's Christian Milton have had their 2008 convictions over an allegedly fraudulent finite reinsurance transaction reversed on appeal
  • Brokers are divided as to which way the market will turn at the key 1 October renewals
  • The number of lawsuits against Chinese firms listed in the US has ballooned in recent years, according to Advisen's securities litigation report
  • Solvency II delayed (again); Suncorp sees NZ II creep; Gulf Re backed; Berger off; Skuld rating boost; Eqecat bullish; EQC fails to renew multi-year cover; Ryan wins poaching case; Cypriot power loss; Alterra moves to Zurich
  • Lloyd's carrier Novae has run up a pre-tax loss of £29.7mn in H1 as its property cat reinsurance unit dragged down an otherwise passable result