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  • The proposed solvent scheme of arrangement for the Camomile Pool was granted leave to convene a meeting of creditors by the UK High Court last week.
  • New York law firm Milberg has been named in a US lawsuit as a group of Lloyd's underwriters attempt to rescind professional liability insurance contracts following the sentencing of several former partners, according to reports.
  • The four former General Re executives and one 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.
  • Property Claim Services is understood to have put a $775mn initial industry insured loss estimate on the powerful storms that ripped through Arizona in the first week of October.
  • US personal lines bellwether Allstate lifted its property-liability underwriting result from $71mn in the first quarter of 2010 to $327mn this year, as it benefited from lower catastrophe losses
  • Arch Capital announced strong second quarter results, booking net income of $104.3mn, or $1.42 a share, against $61.8mn, or $0.91 a share for the comparable quarter last year. The performance took the total for the year so far to $191.7mn, or $2.69 a s
  • Lloyd's announced that Hank Watkins has been appointed as the new president of its North America division, effective from 31 August.
  • Results published by privately owned Hyperion Insurance Group show the firm has expanded its revenues by 26 percent to £72.2mn for the year ending 30 September 2010
  • AIR Worldwide has narrowed its loss estimate for the Japanese earthquake from its initial range of $15bn-$35bn to $20bn-$30bn
  • Tawa bolsters US platform with tie-up; UK courts give Tokio Marine Europe scheme leave to convene; Alea's Christmas Eve farewell to London Stock Exchange listing; Sluggish run-off holds back Charles Taylor