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Energy start-up Alesco continues Aon talent raid
Start-up broker Alesco Risk Management Solutions has continued its raid on Aon's energy team with a move for senior producer Bill Farnan.
22 August 2008
R&Q and GLOBAL Re form European partnership
Randall & Quilter Investment Holdings plc (R&Q) and GLOBAL Reinsurance Company have formed a partnership for the purchase and management of non-life run-off companies in Europe.
22 August 2008
Mainsail II agrees restructure with Goldman Sachs
Receivers of Mainsail II LLC - the ailing structured investment vehicle (SIV) that a number of Lloyd's insurers are exposed to - have entered a restructuring and portfolio sale agreement with Goldman Sachs International (GSI).
22 August 2008
Finite reinsurance execs face heavy sentence threat
Five former General Re and American International Group (AIG) executives found guilty for their part in a sham reinsurance transaction could face lengthy sentences if prosecutors get their way, according to reports earlier this week.
22 August 2008
New Bermuda registrations drop
Soft market conditions may have contributed to a drop-off in new insurers registering in Bermuda, according to the island's regulator.
22 August 2008
QBE earnings up on underwriting
Strong underwriting performance boosted overall profits at Australian insurer QBE Insurance Group during the first half of 2008.
22 August 2008
MMC appoints new CFO
Marsh & McLennan Companies Inc (MMC) has appointed Vanessa Wittman as the group's new CFO, ending its search to replace the outgoing Matthew Bartley.
22 August 2008
Benfield restructures space brokerage
Benfield Group Ltd is reshuffling management at its specialist space insurance broker International Space Brokers Inc (ISB) following the resignation of the division’s CEO Roger Bathurst.
22 August 2008
IAG slumps to loss on UK write-downs
Troubled Australian insurer Insurance Australia Group Ltd (IAG) has slumped to a A$261mn loss after taking a A$350mn charge in relation to the impairment of its UK assets.
22 August 2008
Amlin profits slide on lower investment returns
Amlin plc became the latest (re)insurer to report a drop in profits as a result of the difficult investment climate.
22 August 2008
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