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  • The dispute between US managing general underwriter Global Benefits Group (GBG) and its former reinsurance broker Reza "Ray" Khadivi is set to culminate in a court showdown in the autumn.
  • A scheme of arrangement for insolvent UK insurer Highlands Insurance Company (HUK) has become effective.
  • The Association of Insurance and Reinsurance Run-Off Companies (AIRROC) and the UK run-off company Cavell are set to host the fifth annual commutations event in New Jersey on 19-21 October.
  • The influential International Association of Insurance Supervisors (IAIS) is producing common standards and guidance for the supervision of (re)insurance risk transfer to the capital markets.
  • Current market estimates put the insured loss from the Air France disaster close to $700mn, according to data seen by The Insurance Insider.
  • Fewer new start-ups expected but market able to turn on the taps for a market changing event, says Tolle.
  • Non-life M&A activity has not traditionally been linked with the Atlantic hurricane season - a time of heightened uncertainty as the market awaits news of destabilising losses arising out of major catastrophes.
  • The new CEO of American International Group (AIG) took the top job at the insurance giant aware that the industry and its commentators would be watching his every move – as well as the group's stock price.
  • Dear friend, If you ever meet anyone who says they know what is going to happen tomorrow - either immediately hire them as your to underwriter or look ruefully to the skies and make a mental note never to listen to a word they say again.
  • UK run-off acquisition firm Randall & Quilter (R&Q) booked a £1.2mn pre-tax profit for the first half of 2009 despite taking a £2.7mn unrealised investment loss on perpetuals and a £2mn hit for legal costs over litigation with Equitas in the Brandywine ca