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  • London market professional risks insurers have continued to suffer falling rates during the second quarter of 2007, with reductions of up to 20 percent in the period for directors and officers (D&O) risks, according to broker Willis.
  • Swiss-based (re)insurer Allied World Assurance Company expects $75mn in pre-tax losses and loss expenses from last month's devastating earthquake and tsunami in Japan.
  • Legacy sector trade body the Association of Run-off Companies (ARC) and consulting firm Watson Wyatt have launched a key stakeholder group to help drive through the development of individual capital adequacy (ICA) models for run-off businesses.
  • Montpelier Re launching its own Lloyd's managing agency for the 2009 underwriting year after its plans were approved by the Society and UK regulator the Financial Services Authority.
  • Results at UK insurer Royal & Sun Alliance will be analysed closely for worsening exposures to Hurricane Wilma, which tore through the US Gulf and Mexico last October. The insurer – which has seen its share price climb leap more than 50 percent to...
  • Two of the leading enforcers of Marsh's contingent commissions during the heyday of so-called Placement Service Agreements (PSAs) were found guilty last week of taking part in bid-rigging.
  • In a strategic volte-face, Jardine Lloyd Thompson Group plc (JLT) has sold its US property casualty and employee benefits operations to Alliant Insurance Services Inc for $100mn (£53.3mn) little more than three years after revealing its plans to roll-out
  • Willis Group is not in dispute with shareholders in its affiliate Gras Savoye & Cie over the valuation of the French broker.
  • Bermudian reinsurer PartnerRe suffered a bruising $1.35bn of catastrophe losses in 2011, resulting in a net loss of $502.6mn for the first nine months of the year.
  • Bermudian-headquartered Endurance Specialty Holdings is pulling out of the offshore energy market and parting company with Paul Upton, who ran the business out of its London subsidiary, our sister title The Insurance Insider revealed last week (17 October