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  • Bermudian Arch Capital followed its compatriot Platinum Underwriters in booking a solid set of Q2 figures as its bottom line benefitted from improving investment conditions and healthy reserve releases.
  • London market broker RFIB Holdings has announced the appointment of Marshall King as CEO.
  • Scor has snapped up the US life reinsurance operations of XL Capital for total consideration of EUR31.7mn cash.
  • UK regulator the Financial Services Authority (FSA) has fined London-based HSBC Insurance Brokers £700,000 for not having adequate systems and controls in place to protect its customers' confidential details from being lost or stolen.
  • Platinum Underwriters Holdings kicked off the Bermudian Q2 reporting season with a solid set of figures that included a record $1.90 net income per share, as improving investment conditions and reserve releases boosted its results.
  • A second suit filed on behalf of investors against Willis arising from the global broker’s role as insurance intermediary for Stanford International Bank (SIB) has alleged that the firm would, at SIB’s request, produce personalised “safety and comfort”...
  • A mid-year report by US Stanford Law School and Cornerstone Research has found that while the financial services industry continues to be a focus of unprecedented litigation activity, 2009 securities class actions filings have in fact declined...
  • QBE Europe has kicked off a 90 day consultation period with staff over potential redundancies as it looks at restructuring options for many of its support functions...
  • Charity cover band 'Client Number 9' is performing in Leadenhall Market on Thursday 30 July in an evening of fundraising for the 'Mark Evison Foundation' and 'The Welsh Guard's Afghanistan Fund'.
  • Omega Insurance Holdings has been endorsed by AM Best with an affirmation of the ratings on its Lloyd's and Bermudian operations, as the agency highlighted the group's strong capitalisation.