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  • Less than two years after a bitter dispute with Berkshire Hathaway's Gen Re, Arch Capital Group is again being hauled into court to defend allegations of orchestrated staff poaching.
  • Insurance stocks remain volatile as a result of erratic trading on global financial markets, which saw most major indices plummet.
  • Lloyd’s insurer Hardy Underwriting has forecast today (6 March) that its 2005 profits will be ahead of expectations. In a statement to the Stock Market the company said: “The profit before tax of Hardy Underwriting Group for the year ended...
  • A joint venture between global interdealer broker ICAP and JLT Group has once again underlined the growing co-operation between the reinsurance industry and the capital markets in trading risk.
  • Under fire Insurance Australia Group Ltd (IAG) CEO Michael Hawker has resigned, with the insurer’s COO Michael Wilkins stepping into the role.
  • Munich Re has launched a $260mn cat bond to cover earthquake risk for the East Japan Railway Company (EJRC), the first significant issue since the beginning of August
  • The CEO of Aon's Construction Services Group Peter Arkley has resigned his position and will be replaced by his number two Kevin White with immediate effect.
  • IBM has won the race for Lloyd's messaging hub contract, fighting off information technology rival ATOS in the final selection process.
  • A House of Lords appeal is fast approaching in the long-running "follow the settlement" case between reinsurers Wasa International Insurance Company Ltd (WASA) and AGF Insurance Ltd against their cedant Lexington Insurance Co.
  • Law firm Johnson & Weaver is investigating whether members of Tower Group's board of directors breached their fiduciary duties by agreeing to the proposed takeover by ACP Re