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  • Goldman Sachs partner Michael J. Millette was heralded as the Outstanding Contributor of the year at the inaugural Trading Risk awards dinner on the 25 June, held in London.
  • Yesterday’s (25 June) death of pop legend Michael Jackson could result in a multi-million dollar insurance payout on the cancellation policy for the star’s sold-out global tour.
  • Losses to the contingency market as a result of the unexpected death of pop legend Michael Jackson are expected to minimal, our sister title Inside FAC understands.
  • US-held American International Group (AIG) has revealed that it has obtained permission from the US authorities to position its top two international life insurance franchises for initial public offerings.
  • The biggest risk to recovery from the global economic slump is the potential for the global bond market to break down, according to Standard & Poor (S&P)’s chief European economist, Jean-Michael Six.
  • Russian-backed private equity firm Pamplona Capital Management has now built a 16.27 percent stake in Lloyd’s insurer Chaucer subject to receiving approval from UK regulator Financial Services Authority (FSA).
  • UK-quoted broker Thompson Heath Bond Group plc (THB) has pointed to sluggish insurance markets for a fall in the group’s earnings at the six-month stage.
  • John Coldman, the chairman of reinsurance broker Benfield Group - which was acquired by Aon Corp last year in a £935mn deal - will formally step down from the organisation at the end of this month.
  • Hiscox plc is leading a flurry of proposed bids among Lloyd's (re)insurers to expand their 2010 capacity in order to take advantage of anticipated good trading prospects and the stronger dollar.
  • The growing popularity of quota share reinsurance was underscored with news that Bermudian (re)insurer Flagstone Re is the leader on the £50mn transaction that enables Lloyd's insurer Chaucer Holdings to increase its 2009 and 2010 capacity.