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  • Those recent glimmers of hope for the downtrodden financial markets appeared to be snuffed out last week in what was another torrid time for the banking sector.
  • The remarkable thawing of relations between American International Group (AIG) and Maurice "Hank" Greenberg appears underway after a "positive" meeting between the veteran and Robert Willumstad, the latest man in the hot seat at the troubled insurance gia
  • Marsh UK executives are to meet later this week to approve the delayed £200mn outsourcing deal with Capita, The Insurance Insider understands.
  • The purchase of failed UK listed (re)insurer GoshawK for £45.7mn ($90.3mn) by acquisitive Bermudian run-off specialist Enstar Group Ltd is the third significant acquisition by the firm this year.
  • Bermudian run-off specialist Enstar Group Ltd has agreed to purchase the failed UK listed (re)insurer GoshawK for £45.7mn ($90.3mn).
  • Hannover Re's new dedicated insurance linked securities (ILS) team has closed $133mn Globe Re - choosing an innovative deal as its first since launching in January.
  • The Financial Services Authority (FSA) has said it is willing to mandate action on the disclosure of broker's commissions by the end of the year if the industry fails to find a solution to the issue.
  • Previous contracts are likely to play an increasingly large role in legal cases following a precedent-setting case involving a policy taken out by Standard Life, say insurance law experts Ince & Co.
  • Hyperion Insurance Group Ltd has announced that its 2007 operating profit increased by 10 percent to £6.5mn, compared to £5.9mn in 2006.
  • Qatar has staked its claim to be the leading centre for insurance in the Middle East with a move to launch an electronic trading platform later this year to service the sector.