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  • Glacier Group's chief strategic officer and founding team member, Dirk Turley, and UK insurance branch manager Steven Price have stepped down following the resignation of founding CEO Robbie Klaus.
  • A study of 11 microfinance institutions with exposure to natural and man-made catastrophes found that they had little in the way of risk management and no insurance to protect themselves or their clients against the impact of disaster.
  • The efficiency of insurance as a way of leveraging capital means that there will not be the need for as many microinsurance organisations as institutions, according to private equity fund specialists.
  • Five Ohio pension funds are suing rating agencies Standard & Poor's (S&P), Moody's and Fitch, accusing them of "wreaking havoc" on US financial markets.
  • Maurice "Hank" Greenberg and Howard Smith have buried the hatchet and settled their long-running legal battles with former employer American International Group (AIG).
  • The controversial transactions undertaken by Kingsway Financial Services to shed its discontinued subsidiary Lincoln General could push the group into liquidation, AM Best has warned.
  • American International Group (AIG)'s share price was under pressure following concerns about the sufficiency of its P&C loss reserves.
  • At the heart of the industry's modest 2009 catastrophe losses is an extraordinarily gentle US storm season.
  • The specialist space/satellite market is likely to see rates fall to earth in 2010 after another profitable underwriting year, according to Aon's International Space Brokers.
  • The industry's catastrophe losses from both natural and man-made disasters have more than halved to $24bn this year, according to Swiss Re's research unit Sigma.