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  • Insurers led by Liberty International face a potential payout on Banco Santander's D&O liability insurance after the Spanish bank agreed a $235mn settlement over its Madoff exposures, The Insurance Insider can reveal.
  • European insurance giant Axa is the lead on the insurance policy for the Air France plane carrying 228 passengers which went missing over the Atlantic Ocean shortly after taking off from Rio de Janeiro at 10pm GMT last night.
  • Alongside traditional reinsurance capacity entering the Florida market at the 1.6 renewal, Bermudian reinsurer RenaissanceRe has relaunched its Timicuan Re sidecar with $10mn seed capacity and $60mn of third party equity investment...
  • Global broker Aon Benfield has suspended its fundraising efforts for new investment management firm Global Insurance Strategies LLC (GIS), as it concentrates on Benfield-backed cat fund manager Juniperus Capital Ltd (JCL).
  • US military mutual insurer USAA's thirteenth consecutive cat bond, Residential Re 2009, closed last week after further upsizing to $250mn.
  • AEGIS appoints onshore energy underwriter; Ascot Appoints Mike O’Connor to Terrorism Team...
  • UK-based commercial insurer, Evolution Underwriting, has launched a directors' and officers' (D&O) line in partnership with AIG UK, targeted at UK SME managers.
  • Validus Holdings has been dealt another blow in its attempts to use the courts to derail Max Capital's agreed merger with IPC Holdings and execute its own takeover of the Bermudian cat specialist.
  • Eric Dinallo is on course to follow in the steps of his former boss Eliot Spitzer with a run at the position of New York attorney general.
  • Bermuda-headquartered run-off manager Enstar has announced a definitive agreement to purchase defunct Danish reinsurer Copenhagen Re for $28mn, trumping fellow shortlisted bidders Compre and Catalina Holdings.