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  • Luxembourg-domiciled Flagstone Re bucked analyst expectations of a Q3 loss and a $52.5mn net loss from the Christchurch earthquake to book profits of $37.3mn for the period.
  • Marsh Ltd will be forced to defend itself on charges of poaching a senior aviation team and confidential business information from United Insurance Brokers (UIB) in a trial scheduled to take place next summer.
  • Mark Byrne, who founded Bermudian Flagstone Re with David Brown, has stepped down as executive chairman after five years in the role.
  • UK-based legacy player Compre Holdings has set up a service company in Switzerland after agreeing to manage Alea's remaining European run-off.
  • Ariel Re's specialist Lloyd's (re)insurer Atrium Underwriting is in another dispute with the North Korean state-owned insurer, this time over a train crash claim.
  • Willis has signed an agreement with the China Development Bank (CDB) that will see it become the bank’s global risk management and insurance consultant. The move is another big step for Willis as it moves into the Chinese insurance market. The firm...
  • Swiss Re's 20 percent, five-year P&C quota share reinsurance deal with Berkshire Hathaway continues to intrigue, despite the Zurich-headquartered reinsurer providing greater detail with its 2007 results last month.
  • With writs flying and claims accruing, Cable &Wireless' ill-conceived foray into insurance may cost the telecoms firm and the London market dearly... Fears are growing of another multi-million pound insurance scandal, this time involving UK telecoms co
  • Hannover Re was boosted last week with the news that rating agency Standard & Poor’s (S&P) had affirmed its AA- insurer financial strength and long-term counterparty credit ratings on the German reinsurer, removing them from CreditWatch with...
  • Analysts from Morgan Stanley predict Swiss reinsurer Converium will match rival SCOR’s revival, regaining its A rating from Standard & Poor's (S&P) later this year. David Collins, analyst at Morgan Stanley, upgraded Converium from underweight to...