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  • The criminal trial of four former General Re executives and an ex-American International Group (AIG) employee is set to start today (7 January) in a Connecticut court.
  • Leading insurance linked securities (ILS) issuer Swiss Re has once again returned to the capital markets with a $496mn continuation of the Redwood series of cat bonds, issued on behalf of the California Earthquake Authority (CEA).
  • Marsh Inc is set for a second management reshuffle in a matter of months as The Insurance Insider can reveal the chief operating officer of its US operations, Mark Feuer, is also leaving the firm.
  • Another equity analyst piled the pressure on reinsurance intermediary Benfield Group’s share price by lowering its forecasts and reiterating a SELL recommendation on the company’s stock.
  • Bermudian insurer Ironshore Inc has continued to grow its US platform with the acquisition of an excess and surplus lines shell from TIG Insurance Company, a Fairfax Financial Holdings Ltd subsidiary in run-off.
  • US insurer HCC Insurance Holdings Inc has announced the acquisition of Indiana-based MultiNational Underwriters (MNU) and the establishment of a new $24mn capacity Lloyd’s syndicate.
  • Troubled broking giant Marsh Inc has been hit by the sudden resignation of its key executive Phil Moyles, The Insurance Insider can reveal.
  • The continuing trend for softening in the reinsurance market has seen property catastrophe rates drop by around 9 percent at the 1 January renewals, according to reinsurance broker Guy Carpenter & Co.
  • Marcus Scriven and The Insurance Insider team up for an unrepentantly subjective take on the Great 15: from the greatest battle, to the greatest sporting moments and films. We also chart a decade and a half of great events, challenges and achievements for the industry and world at large...
  • Lehman Brothers, the largest US underwriter of mortgage-backed bonds, faces legal action by Australian municipal governments after the value of its sub-prime related investments dropped by as much as 86 percent.