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  • Rating agency Fitch said its concerns over reinsurers' ability to tap capital markets following a significant catastrophe have "sufficiently eased", after revising its outlook on the global reinsurance sector from negative to stable.
  • Marsh & McLennan Agency has acquired Texas-based independent insurance agent Insurance Alliance, marking the first step in Marsh's strategic drive towards creating a US agency network.
  • London-headquartered Jardine Lloyd Thompson (JLT) bucked the trend of the global brokers with a Q3 trading statement that detailed continued organic growth and "robust" performance at its London market division.
  • Randall & Quilter (R&Q) has revealed the identity of the US insurer it acquired earlier this year after the transaction received regulating assent.
  • Fraudulent claims in the Lloyd's market could represent a significant proportion of premium income, according to the London Market Claims Council (LMCC), with senior industry figures calling for collaborative action to tackle the problem.
  • Axis Reinsurance has requested that a US district judge reconsider agreeing to award a former Refco Inc vice president an extra $7.5mn in settlement fees - on top of $10mn the insurer has already paid out to cover defence costs.
  • Marketform, the Lloyd's insurer majority owned by the US firm Great American Insurance Group, is undertaking a significant reshuffle of its executive operations to improve its "corporate governance".
  • Despite some concessions being made to life industry concerns, European supervisory body CEIOPS' final advice to the European Commission on how to implement the Solvency II directive has failed to satisfy the Corporation of Lloyd's.
  • JLT energy broking partner Paddy McMurray is to join Alesco, AJ Gallagher's acquisitive international wholesale energy broking venture, The Insurance Insider has learned.
  • Scor has accepted defeat in its dispute with Allianz over the German insurer's 2007 settlement with World Trade Center (WTC) developer Larry Silverstein.