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  • A number of Lloyd's insurers are facing a claim for more than $45mn in damages from the former chief investment officer (CIO) of Stanford Financial Group (SFG) – the banking and investments organisation at the heart of $8bn fraud allegations.
  • Scott Moser is set to retire as chief executive of Berkshire Hathaway’s Resolute Management Services Ltd (RMSL) – the company that manages the run-off of Equitas liabilities.
  • UK insurer Brit Insurance is the only trade buyer left in the race to buy fellow Lloyd’s insurer Chaucer Holdings, as the shortlist of serious bidders is whittled down to three.
  • UK insurer Brit Insurance is the only trade buyer left in the race to buy fellow Lloyd’s insurer Chaucer Holdings, as the shortlist of serious bidders is whittled down to three, The Insurance Insider can reveal.
  • Bermuda-domiciled White Mountains Insurance Group has found itself on the wrong end of a ratings action by Fitch.
  • Liberty reshuffles Lloyd’s arm; Change at the top at Arch; Ironshore appoints ex-Lex VP for new unit; ACE Europe appoints marine manager; BMS appoints new Bermudian director; Catlin hires new deputy, but search for CIO continues; Colemont in Miami aviatio
  • Despite an average swing in lead hull and liability premiums of 18 percentage points in the last two years, airline rates are still "below breakeven", according to Aon.
  • Italy's largest insurer, Assicurazioni Generali SpA, has booked lower-than-expected profits for 2008 after impairment charges of EUR5bn drove its net profit down by 70 percent.
  • French insurance behemoth AXA, whose 2008 figures were decimated by mark-to-market losses, has been downgraded by Fitch Ratings over lower capital adequacy and profitability amid the raging financial storms.
  • Founding Ironshore Inc executive Bob Deutsch is leaving the Bermudian insurer.