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  • Transatlantic Holdings president and CEO Robert Orlich has written to the firm's clients applauding the successful sale of American International Group's (AIG) majority stake this week, saying its new independent status marks a "new era" for the firm.
  • Transatlantic Holdings president and CEO Robert Orlich issued an open letter to the reinsurers’ clients and brokers after American International Group (AIG) closed its sale of 29.9 million shares at $38 each...
  • Max Capital has withdrawn its merger agreement and plan of amalgamation with fellow Bermudian reinsurer IPC Holdings, after IPC shareholders did not approve the required proposals at IPC's annual general meeting today (12 June).
  • Willis will pay $139mn to settle part of a longstanding dispute arising from its involvement in the infamous London market personal accident (PA) reinsurance spiral of the late 1990s.
  • A high court judge today rejected London market broker BMS Group's application to commit rival CJ Coleman (CJC) and John McCormack for contempt of court...
  • XL Capital has teamed up with the higher rated National Indemnity Company (NIC) to back-up its Side A directors’ and officers’ (D&O) policies in the event the Bermudian firm goes bust.
  • The heady days of paying a premium to net asset value (NAV) are over as pricing discipline returns to the legacy market, according to a group of senior industry figures taking part in The Insurance Insider roundtable...
  • Legacy manager Randall and Quilter (R&Q) has extended its offering into the captive market with the acquisition of the captive insurance company of Woolworths Group, Woolworths Insurance (Guernsey), from its administrators, Deloitte.
  • International law firm Dewey & LeBoeuf LLP (D&L) has been filed with a staggering $3bn lawsuit brought by the Missouri Department of Insurance and liquidator Albert Riederer, over claims it "misadvised" defunct US life insurer General American (GA).
  • Our monthly column keeping a check on recent US and EU legislative and regulatory developments, in association with Sidley Austin LLP.