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  • The International Underwriting Association (IUA) has thrown its weight behind the proposed Lloyd's messaging hub and announced that it will take part in the pilot of the system, which is due to take place in early 2009 and go live later in the year.
  • Deciding the London structure for the combined reinsurance intermediary was always going to be awkward, but this morning senior brokers at the soon-to-be merged firm discovered their new lines of responsibility, The Insurance Insider can reveal.
  • ARC forms ICA group; R&Q wins double
  • Resolute Management Ltd, Berkshire Hathaway’s operation for managing its discontinued London market lines, will now be led by Steve Michael, The Insurance Insider can reveal.
  • The New York insurance authorities are again considering selling the insolvent Midland Insurance Company in a bid to improve the returns available to policyholders.
  • The “implosion” of 296 sub-prime mortgage lenders in relation to the credit crisis has led to 418 sub-prime and credit crisis-related lawsuits, including 124 securities class actions lawsuits (SCAS) filed to date...
  • Hannover Re is currently marketing the renewal of two sidecars, raising the question whether the quota share vehicle will regain popularity with (re)insurers if catastrophe rates continue to harden into 2009.
  • Amid feverish speculation at the beginning of October that Swiss Re was set to unveil drastic measures to ease liquidity pressures, the giant reinsurer did little more than post a relatively modest third quarter loss.
  • As the financial world waits for President-elect Obama’s key appointments in the US Treasury, the attention of the (re)insurance industry once again turns to the taxation debate over offshore domiciles and the future...
  • Expansive independent (re)insurance broker Cooper Gay & Co has hired a 10-strong aerospace team from Benfield’s London division.