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Hiscox extends SME offering
Bermuda-headquartered Lloyd's (re)insurer Hiscox Ltd has teamed up with brokers Allison & Partners (A&P) to launch INSPIRE, providing specialist cover targeted at specialising in UK and European small to medium-sized businesses (SME).
25 March 2008
AIG in $13.5mn settlement with Pennsylvania regulator
US giant American International Group (AIG) has confirmed that it has paid $13.5mn in settlement with the Pennsylvania Insurance Department.
25 March 2008
Dresdner offers K2 bailout
Allianz-owned Dresdner Bank has offered its structured investment vehicle (SIV) K2 a $1.5bn bailout so it can service its outstanding $16bn debt.
25 March 2008
Generali focuses excess capital on acquisitions
Italian insurance giant Generali will utilise its EUR3.2bn excess capital to target acquisitions next year, the firm announced.
25 March 2008
BIBA hits back at FSA's transparency review
The British Insurance Brokers' Association (BIBA) has hit back at the Financial Services Authority's (FSA) "lengthy and costly" report into broker transparency and said the industry does not need regulatory intervention.
25 March 2008
Industry demands joined-up approach to regulation
Grahame Chilton, Benfield Group CEO, has made an impassioned plea for a more joined-up approach to international regulation as he said the current fragmented structures are generating greater costs and complexities...
25 March 2008
SCA fights back over Merrill Lynch CDS lawsuit
Security Capital Assurance (SCA) has fought back against a lawsuit filed by Merrill Lynch & Co alleging its financial guarantee subsidiary XL Capital Assurance Inc (XLCA) is attempting to avoid...
25 March 2008
Brazil named active underwriter on Markel syndicate
Markel International has promoted Jeremy Brazil to active underwriter of its Lloyd’s Syndicate 3000.
25 March 2008
Scruggs faces disbarment
Richard Scruggs, the lawyer who successfully fought the tobacco companies in a series of class actions, is facing disbarment from the Mississippi Bar Association after pleading guilty to bribing a judge.
25 March 2008
Cusack promoted to Aspen COO
Aspen Insurance Holdings Limited has promoted Julian Cusack to chief operating officer.
25 March 2008
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