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  • The legal team of former AIG CEO Maurice "Hank" Greenberg has published a "white paper" critiquing the company's restatement of its 2004 results.
  • Less than six weeks after launching at Lloyd’s, RenaissanceRe (RenRe) has agreed a deal to buy out the turn-key managing agency through which it established its Syndicate 1458 on Lime Street.
  • ACE settles for $80mn; Willis parts company with Marsh defector; Allianz launches US aviation operation; Insured Q1 US losses at $1.38bn; Fortress Re founder dies; Rivera joins Fox at Praetorian; Insurers in $830mn Suncor BI settlement; et al...
  • It was only recently that a US judge was bemoaning the lack of case law on reinsurance broking commissions and then along comes Benfield Group suing rival Aon Re for $2.4m in damages...
  • Argenta Syndicate 2121 has become the latest addition to the Lloyd's Asia hub, as the parent of the Lloyd's insurer revealed it has parted company with Richard Yeo - the active underwriter on its existing Singapore-based Syndicate 1965.
  • Anxious investors are awaiting the release of fourth quarter results from a number of banking groups this week, with concern mounting over the size of sub-prime related losses yet to come to light in the banking system.
  • Zurich Financial Services Group (ZFS) last week joined a growing chorus of (re)insurers to reveal preliminary hurricane loss estimates, with expected claims payments from hurricanes Gustav and Ike amounting to $600mn before tax.
  • Zurich Financial Services is expanding in Norway and Denmark through two new branches of Zurich Insurance Ireland Ltd (ZIIL).
  • Fourth-quarter net and operating profits slipped at Aspen Insurance Holdings as deteriorating losses from the New Zealand earthquake hit its bottom line.
  • Swiss Re has appointed Christian Mumenthaler to the new role of CEO of the firm's reinsurance subsidiary, Swiss Reinsurance Company, effective from October.