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  • Insurance giant Zurich Financial Services revealed a near trebling of its third quarter profit last week but analysts were surprised by a $500mn UK asbestos reserves boost with the firm blaming an "uptick" in claims trend.
  • Last month, Aon confirmed finance chief David Bolger would step down, but it was the continuing suggestions of private equity interest which hogged most of the attention.
  • Scor has closed its $912.5mn acquisition of the mortality portfolio of Aegon's life reinsurance subsidiary Transamerica Re after receiving regulatory approval for the deal.
  • Atrium Underwriting became the latest Lloyd’s (re)insurer to release an upbeat trading statement on 7 December, including an improvement on its 2004 year of account.
  • Insurance services company Whittington has overseen the first successful scheme of arrangement for a Singapore-based insurance company, with the closure of Lion City Run-Off Private Ltd.
  • Marine/energy (re)insurers face losses that could mount to $1bn as US homeowner insurers look to subrogate claims arising out of last October's California wildfires.
  • Transatlantic Holdings has filed for arbitration against former parent American International Group (AIG) over losses "in excess of $350mn" stemming from securities lending.
  • Swiss Re’s newly formed Luxembourg hub has received an AA- rating by Standard & Poor’s.
  • Market information and analysis firm Advisen Ltd has teamed up with XML messaging specialist Web Connectivity Ltd in a combined offering it says will increase transparency and efficiency in the London market.
  • AIG departure ignites speculation The succession issue at AIG, the uberinsurer dominated by the patriarchal presence of the 75-year-old Hank Greenberg, is taking on Elizabethan proportions.