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  • The bond fraud case successfully brought by Markel International and QBE against executives of Surety Guarantee Consultants Ltd (SGC) and a former Templeton Insurance director has been referred to the City of London fraud squad.
  • The energy market, which saw the arrival of new capacity in the form of Ironshore-backed Anemos in May and First Reserve-backed Torus last month, is reeling following a depressing second quarter claims experience.
  • The "naming and shaming" of London brokers by the Market Reform Group (MRG) over their failure to adopt a key electronic initiative that could speed up the payment of premiums from brokers to (re)insurers appears to be working.
  • Novae Group is in talks with the Bermudian run-off firm Catalina Holdings and the Soros-backed Lloyd's reinsurer RITC Syndicate Management about acquiring the firm's legacy liabilities.
  • Broking giant Aon Corp is marketing a dedicated insurance linked securities (ILS) fund, following Amlin and Benfield into the $8-10bn ILS fund management sector, our sister publication Trading Risk revealed.
  • Florida’s cat fund has turned to Berkshire Hathaway to buy a $4bn put option bond as a hedge against an active hurricane season after concluding the cost of traditional reinsurance was too high.
  • Ariel Reinsurance Company Ltd has announced that George Rivaz will take over as chairman as part of a wider restructure of the board.
  • American International Group (AIG) has confirmed reports that former CEO Martin Sullivan will receive a $47mn severance package after officially stepping down from his post.
  • London rainmakers gathered at the iconic Swiss Re "gherkin" to discuss the competitiveness of the London market, tax, regulation and the challenges of deteriorating investment returns at our roundtable event...
  • Our special supplement features a host of articles looking at a legacy sector that is no longer just about distressed business, with interviews and features on M&A, Lloyd's run-off, European opportunities, policyholder protection and much more...