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  • Expansive legacy and services specialist Randall & Quilter (R&Q) unveiled another modest acquisition last week, with a EUR3.2mn deal to take over French reinsurer La Licorne Compagnie de Réassurances.
  • North Carolina's state-backed catastrophe insurance plans are to bring a $200mn wind catastrophe bond to market, which will bring the total risk placed into the capital markets in 2010 to $850mn.
  • Resolute Management Services - the firm that manages Lloyd's run-off vehicle Equitas - has moved the majority of Equitas' claims adjusting services to the US.
  • The New York Attorney General has "a devastating case" against Hank Greenberg relating to sham reinsurance transactions entered into by American International Group (AIG) 10 years ago, according to a US judge.
  • The International Air Transport Association (IATA) has estimated that the volcanic ash cloud above Europe has cost airlines more than $1.7bn, describing the revenue loss as "devastating".
  • AM Best goes negative on Ariel's ValiantPrivate equity duo secure acquisition of Sedgwick CMS; Pru approved for Hong Kong float and lines up for Singapore...
  • Investment bank UBS and accountants Ernst & Young have agreed to pay $250mn to stock and bondholders of HealthSouth, settling a class action over the Alabama hospital rehabilitation chain's massive accounting fraud.
  • The US National Association of Professional Insurance Agents (PIA) said last week that it is encouraged by a new Congress bill that makes key reforms to the National Flood Insurance Program (NFIP).
  • Willis appoints former Irish national debt boss to key risk role;Aon expands actuarial team; QBE appoints first global distribution head; Kingsway names new CEO...
  • Zurich Financial Services and Travelers have added an additional $286mn to the property and casualty (industry's Chile earthquake total, with loss estimates of $200mn and $86mn respectively.