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  • UK insurer Brit Insurance Holdings has established an underwriting presence in Northern Ireland that will focus on fleet motor and property & combined package lines.
  • 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.
  • Allianz-owned Dresdner Bank has offered its structured investment vehicle (SIV) K2 a $1.5bn bailout so it can service its outstanding $16bn debt.
  • Bermudian insurance group Ironshore Inc has launched IronHealth to write healthcare liability business, as it continues to grow its professional liability US-based subsidiary IronPro.
  • Despite the allure of winning new business, new accounts can often backfire underwriters have been warned.
  • Aon founder and executive chairman Pat Ryan has announced that he intends to retire from the broker on 1 August.
  • 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...
  • Lloyd's must remain open to new entrants despite the softening market, according to Barbara Merry, CEO of newly-redomiciled (re)insurer Hardy Underwriting Bermuda Ltd.
  • Markel International has promoted Jeremy Brazil to active underwriter of its Lloyd’s Syndicate 3000.
  • JPMorgan Chase & Co came back in with a significantly higher $10 a share offer for beleaguered rival Bear Stearns yesterday in a package that will also leave it more exposed to potential losses from the investment bank.