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  • Ambac Assurance Corp, one of the monoline insurance sector's giants, lost 17 percent of its stock market value last week after revealing a $1.5bn recapitalisation plan that disappointed investors hoping for a bigger rescue effort.
  • Jardine Lloyd Thompson Group plc's (JLT) 2007 results were welcomed by analysts last week as a sign the firm may have turned the corner following recent restructurings and investments in its trading operations.
  • Our monthly column keeping a check on recent US and EU legislative and regulatory developments, in association with Sidley Austin LLP
  • The Financial Services Authority (FSA) is reviewing claims handling in the UK run-off market but denies this reflects concerns about standards among some legacy insurers.
  • Allianz Global Corporate and Specialty (AGCS) has set up a Global Discontinued Business division to handle its vast legacy liabilities, The Insurance Insider has learnt.
  • Bermudian-headquartered run-off company Alea Group Holdings' has reported deterioration in its reserves of around $30mn, largely relating to its North American reinsurance portfolio, in its 2007 results.
  • Willis captive manager Ken MacKay has been arrested for allegedly embezzling more than $2mn from the broker and its clients.
  • Aon has brought a negligence case against Reynolds Porter Chamberlain (RPC) following Standard Life's claim against the broker.
  • Venture capital firm 3i Quoted Private Equity Ltd (3iQPEL) has acquired 1.7 million shares in AIM-listed UK broker Jelf Group plc, taking its stake in the firm to 27.9 percent.
  • Fast track legislation to scale back the Florida Hurricane Catastrophe Fund (FHCF) was expected to receive early attention as the state's full legislative session convened on 4 March.