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  • The National Hurricane Center (NHC) has upgraded Atlantic Tropical Storm Danielle to a hurricane.
  • Run-off acquisition firm and service provider Tawa has bought Island Capital, the run-off Bermudian trade credit and political risk insurer, for up to $15mn.
  • Charles Taylor Consulting (CTC) is to pursue seller RJD Partners for outstanding liabilities relating to its purchase last year of struggling run-off specialist Axiom Consulting.
  • Shares in London-based insurance services provider Charles Taylor Consulting (CTC) fell almost 30 percent last week after a profits warning.
  • Randall and Quilter (R&Q) trumped analysts' expectations as its first-half gross profit went up to £5.8mn from £1.2mn a year earlier on solid investment returns and diversification into new business lines.
  • Bermudian run-off acquisition firm Enstar Group saw net earnings for the first six months of the year climb to $28mn, compared to $20mn in H1 2009.
  • Fitch Ratings has found that all the European insurers it rates could withstand the shock of Greece defaulting on government debt after it carried out a major "stress-test" exercise.
  • Lloyd's has put a "red alert" on six of the managing agents that underwrite in the market because of major concerns about their ability to implement Solvency II
  • London market directors' and officers' D&O insurers for Stanford Financial Group (SFG) have so far paid out $15mn in criminal and civil litigation defence costs, court documents reveal.
  • A US appeal judge has re-opened antitrust and racketeering complaints against a number of insurers and brokers allegedly involved in bid-rigging conspiracies.