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  • The scheme of arrangement on the four EW Payne Pools was finally approved in the UK High Court last month.
  • In line with plans to refocus its business on its core (re)insurance operations, XL Capital also signalled a shift in its investment strategy, which has proved costly in the current credit and financial markets turmoil.
  • In the weeks leading up to XL's announcement of plans to cut loose from SCA, speculation had mounted over what rescue package new CEO McGavick would negotiate with regulators, and the potential role of third parties from within the (re)insurance industry.
  • Asked about the gathering storm of sub-prime last year, Henry Keeling described the crisis as presenting an "attractive opportunity" for the Bermudian (re)insurer.
  • Florida is made up of 67 separate counties while Texas - where everything has to be big - consists of 254 individual counties.
  • Despite both booking a 6 percent rise in total revenues for the second quarter, Aon was able to trump rival Willis on its reinsurance operations.
  • A second consecutive quarter of heavy catastrophe losses took its toll on early reporting US insurers as profits slipped at Allstate Corp, Travelers, Liberty Mutual, WR Berkley and Chubb.
  • Early reporting Lloyd's (re)insurers offered results hit by the year's heavy cat claims and difficult investment conditions.
  • Two former directors of failed Lloyd's insurer Euclidian Underwriting Ltd have been fined, ordered to pay costs and agreed not to transact business at or set foot in Lloyd's without prior permission after being found to have failed to deal "in a transpare
  • The head of specialist reinsurance broker RK Carvill & Co Ltd's New York office has left the company, The Insurance Insider can reveal.