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  • 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.
  • The reinsurance and risk-linked investments team (RLI) at alternative asset manager Stark Investments is spinning out of the mother ship in a management buy-out in a move first revealed by our sister title, Trading Risk.
  • The proposed sale of Swiss Re run-off unit Pro Insurance Solutions (Pro) to UK listed run-off acquisitions group Randall & Quilter (R&Q) is off after the parties failed to agree terms, The Insurance Insider revealed last week.
  • The US life insurance sector faces gross losses from its exposure to non-agency subprime/alt-A residential mortgage investments that could potentially wipe out 20 percent - or up to $47.46bn - of its overall aggregate capital...
  • A high-powered City working group co-chaired by the Chancellor of the Exchequer Alistair Darling and Aviva’s CEO Andrew Moss is set to avoid calling for direct changes to the UK’s tax regime which has seen an exodus of Lloyd’s insurers...
  • Jardine Lloyd Thompson (JLT) has continued its raid on Aon's aviation ranks with the appointment of Martin Trumper as joint managing director of aviation for Asia, based in Hong Kong.