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  • Integro Ltd, the insurance broker which recently unveiled ambitious plans to roll-out a global wholesale and facultative division, has appointed a new chief financial officer to replace the retiring Joseph Salerno.
  • Senior casualty treaty underwriter Jim Quinn has left Brit Insurance to join Ironshore's Lloyd's subsidiary Pembroke, The Insurance Insider has learned.
  • Concorde Air France The devastating crash of the Air France Concorde, flight AF4590, shortly after take off from Charles De Gaulle Airport looks set to generate large liability claims. Air France has already announced that it will pay an advance of FF1
  • Shares in AIA Group, the Asian life insurance "jewel in the crown" of AIG, are expected to start trading on the Hong Kong stock exchange on 29 October, raising at least $17.8bn.
  • Rating agency A.M. Best Co. has downgraded the financial strength ratings to A (Excellent) from A+ (Superior) of the members of AXA Corporate Solutions (AXACS), France.
  • The private equity backed run-off insurers Seaton Insurance Co and Stonewall Insurance Co have appealed against a decision earlier this month in a New York court which prevents them from pursuing a claim against a Randall & Quilter (R&Q) affiliate in the
  • Fairfax Financial Holdings Ltd has made a public offer to acquire Polish reinsurer Polskie Towarzystwo Reasekuracji (Polish Re).
  • Berkshire Hathaway, the reinsurer with the largest balance sheet and appetite for catastrophe business when the price is right, continued to cut back its property and casualty (P&C) risk exposures in the third quarter.
  • UK run-off acquisition firm Randall & Quilter (R&Q) booked a £1.2mn pre-tax profit for the first half of 2009 despite taking a £2.7mn unrealised investment loss on perpetuals and a £2mn hit for legal costs over litigation with Equitas in the Brandywine ca
  • Shares in UK headquartered broker Jardine Lloyd Thompson Group plc leapt almost 6 percent this morning on the London Stock Exchange following half-yearly results which contained no nasty surprises.