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Sandler continues at Ironshore; steps down from Oxygen
Ron Sandler will continue as chairman of Bermudian insurer Ironshore Ltd after taking the helm at newly nationalised UK bank, Northern Rock.
25 February 2008
Supreme court refuses to hear Katrina appeals
The US Supreme Court has refused to hear an appeal in one of the wind versus water cases spawned by Hurricane Katrina.
25 February 2008
Levene looks to Parliament for third term
The Council of Lloyd's has invited chairman Lord Peter Levene to remain at the Corporation for an unprecedented third term.
25 February 2008
Swiss Re joins flock to Brazil
Swiss Re has joined a growing pool of major market players setting up as admitted carriers in the deregulated Brazilian market.
25 February 2008
Low cat claims boost FM Global's results
Commercial property insurer FM Global has seen 2007 net income jump by 26 percent to $928mn defying increased competition in the market.
25 February 2008
Fairfax shares flat despite cashing in on sub-prime
Shares in Canadian conglomerate Fairfax Financial Holdings ended Friday flat despite the firm's record 2007 results with investment income of $1bn driven by credit default swaps (CDS) tied to...
25 February 2008
Charman to remain in AXIS driving seat
John Charman, the renowned market veteran, has signed a five year deal to continue as head of Bermuda-based AXIS Capital Holdings Ltd, the company he founded.
25 February 2008
Benfield needs to downsize to survive, says analyst
Benfield Group must downsize in order to survive as the development of the insurance linked securities market reduces the traditional role of reinsurance intermediaries, according to Panmure Gordon & Co analyst Barrie Cornes.
25 February 2008
R&SA to update on Enstar talks
UK general insurer Royal & SunAlliance (R&SA) may update on its plans with its UK legacy exposures while unveiling its 2007 results later this week.
25 February 2008
Ex-Marsh duo guilty of bid-rigging
Two of the leading enforcers of Marsh's contingent commissions during the heyday of so-called Placement Service Agreements (PSAs) were found guilty last week of taking part in bid-rigging.
25 February 2008
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