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  • The opaque but growing trend of brokers charging payments from insurers to place business with them has been attacked by an influential US think tank as “potentially damaging”.
  • Shares in UK broker Jardine Lloyd Thompson Group plc (JLT) leapt almost ten percent this morning in the light of its expected acquisition of rival Heath Lambert Group plc and news from the US suggesting Willis...
  • Cyclone Phailin caused "extensive" damage when it hit the east Indian state of Orissa as a Category 4 storm on Saturday (12 October), risk modelling firm RMS said
  • French reinsurer SCOR said 1/1 renewals confirmed the successful integration of last year’s acquisition of Converium, with a high retention rate and access to new business.
  • Brit shareholders have been given a further fortnight to vote on the joint Apollo-CVC offer first unveiled in late October.
  • Start-up Ariel Re has continued to build its management team by recruiting from its rivals. In recent weeks the $1bn capitalised reinsurer has poached a number of senior executives, including the former ACE Asset Management Inc chief operating officer.
  • London market vehicle Brit’s transformation into a well capitalised, UK general insurer was reflected in its interim results published last week.
  • Lloyd’s insurers Chaucer and Beazley have added their figures to the list of early estimates of damage from hurricane Katrina.
  • 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.
  • Beazley Group plc has increased the capital of its US admitted insurance company, Beazley Insurance Company by $45mn, bringing its total capitalisation to around $105mn.