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  • Five former General Re and American International Group (AIG) executives found guilty for their part in a sham reinsurance transaction could face lengthy sentences, according to reports.
  • Senior producer Bill Farnan has resigned as executive vice president of Aon's US energy subsidiary to join Alesco Risk Management Solutions in a move that is likely to make the sector sit up and take notice of...
  • As windstorm Fay prepares to make landfall in Florida again after initially crossing the Florida peninsula some analysts are predicting a stronger impact on its return.
  • Alabama insurance commissioner Walter Bell is to join Swiss Re as chairman of its American division Swiss Re America Holding Corporation.
  • The head of Marsh's global industry practices, James Enelow, is to part company with the broker, The Insurance Insider can reveal.
  • BluePoint Re Ltd, the Bermuda-based financial guaranty reinsurer owned by US bank Wachovia Corp, has filed for Chapter 15 bankruptcy protection in New York, citing defaults on mortgage-related products.
  • US insurer Allstate Corp has agreed to pay Florida regulators a $5mn fine and granted an additional 5.6 percent rate cut to the state's homeowners as part of its settlement with the jurisdiction.
  • QBE Insurance Group's appetite for growth by M&A continued last week when it snapped up the Australasian business of struggling US mortgage insurer PMI Mortgage Insurance Ltd's for A$1bn.
  • Ratings agency Standard & Poor's (S&P) has maintained its Stable outlook for Lloyd's syndicates despite the increasingly challenging pricing environment they operate in.
  • Interbroker-dealer Evolution Markets has launched a new division for trading and structuring catastrophe derivatives following its successful entry into the weather derivatives market.