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  • Brit Insurance Holdings has embarked on a shake-up of its professional indemnity division which has led to the departure of the unit's two most senior underwriters.
  • Lloyd’s heavyweights chose November to hint at a three-year plan which the Society will look to implement from next year. In a lecture, Chairman Lord Levene talked of the tasks ahead and said: “Nick [Prettejohn, Lloyd’s retiring CEO] and his team...
  • Losses in the airline hull and liability market last year were the highest on record, excluding losses arising from 9/11, Willis said in its annual report on the sector.
  • AJ Gallagher reported organic growth in base fees and commissions in its brokerage segment of 5.5 percent, as CEO J. Patrick Gallagher talked up a "new era" of rational rate setting by insurance companies.
  • The four former General Re executives and the American International Group (AIG) executive accused of defrauding investors through a phoney reinsurance transaction in 2000 have reached a resolution of the criminal case, according to a court filing.
  • Lloyd's has welcomed news from India that its Finance Minister may open the country further to international investment.
  • Shares in (re)insurance brokers continued to climb last week as investor confidence was boosted by the sector's broadly solid organic growth figures for the third quarter.
  • Spanish state-funded national catastrophe and terrorism fund the Consorcio de Compensación de Seguros (CCS) and Spain’s insurance trade body, Unespa, have signed a reinsurance agreement...
  • Property Claim Services (PCS) has raised its estimate for onshore insured losses from Hurricane Ike by a further $1bn to $11.6bn, The Insurance Insider understands.
  • Transatlantic Holdings' biggest shareholder Davis Selected Advisers LP has threatened to oppose the New York reinsurer's merger with Swiss-domiciled Allied World Assurance Holdings and seek other potential suitors.