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  • Judgment to examine whether excess of loss reinsurers can expect a 'duty of care' from direct insurers The long running Aon77 energy dispute, which has been in court since the end of 2003, is nearing resolution, with legal teams believed to be preparin
  • The sudden departure of Marie-Louise Rossi from the International Association of Underwriting (IUA) has led to suggestions her parting was less than amicable – a view the IUA refused to contradict.
  • Munich Re unveiled solid net profits of EUR703mn for the second quarter, up 11.9 percent on the prior-year period, as its primary division, ERGO, returned to the black.
  • Rating agency Moody's has downgraded the insurer financial strength rating of Wellington's Syndicate 2020 from A1 to A2.
  • Defunct medical and personal accident reinsurer ESG Reinsurance (Bermuda) will no longer continue in run-off and has been placed in liquidation by the Supreme Court of Bermuda.
  • The two former partners on the ill-fated Macondo oil well site continue to trade punches in US courtrooms
  • A New York court has granted victory to Aon in its long-running legal battle against rival broker Alliant by issuing an injunction against former senior Aon construction broking executive Michael Cusack and his new employer
  • Bermudian (re)insurer XL Capital today (1 December) announced mammoth capital raising plans which will see it sell $2.15bn in ordinary shares along with $650mn from an offering of equity security units.
  • Aon UK has confirmed that it is to lose up to 750 jobs in a major restructuring of its Risk Services and Specialty divisions. As revealed by Insider Week on the 26 September, the broker is to place its employees into “consultation” which is expected...
  • Marsh & McLennan Companies (MMC) saw group revenues fall 13 percent but operating margins significantly improve in its Risk and Insurance Services (RIS) division, as its recent cost-cutting drive appears to have borne fruit.