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BMS moves for Cooper Gay treaty team
BMS have captured an agricultural treaty team from rival firm Cooper Gay Intermediaries.
10 December 2007
Aspen upgraded by AM Best
Bermudian insurer Aspen Insurance Ltd (AIL) has had its financial strength rating upgraded to A (Excellent) from A- (Excellent) by AM Best.
10 December 2007
XL Insurance completes purchase of GAPS
XL Insurance, the global insurance operation of XL Capital has completed the purchase of Global Asset Protection Services (GAPS) from Swiss Re.
10 December 2007
Bond insurers shares fall on rating fears
Shares in bond insurers fell last week after rating agency Moody's Investors Service warned that MBIA Inc is "somewhat likely" to fall short of the capital required to maintain its rating as a result of potential mortgage-related losses.
10 December 2007
AIG asks for summary judgement in Starr dispute
US giant American International Group (AIG) has asked a judge to make a summary judgement in its dispute over share ownership with Starr International Company (SICO).
10 December 2007
Scruggs pulls out of Katrina cases as co-conspirator pleads guilty
Timothy Balducci, a co-conspirator of Richard Scruggs, the lawyer who successfully fought the tobacco companies in a series of class actions, has pleaded guilty to bribing a judge.
10 December 2007
Lockton forms new facultative team
(Re)insurance broker Lockton has continued the increasingly popular trend for building fac reinsurance business after launching a property division dedicated to the sector.
10 December 2007
Activist investor takes 3 percent stake in Munich Re
Cevian Capital, the activist investment fund backed by Carl Icahn, has taken a 3 percent stake in Munich Re.
10 December 2007
Transparency forms focus of FSA continued broker commission probe
The UK Financial Services Authority (FSA) is to further investigate inefficiencies in the commercial general insurance market before deciding on whether to mandate commission disclosure.
10 December 2007
Heritage looks for Ironshore alternative
Lloyd's insurer Heritage Underwriting Agency is looking for a white knight alternative to Ironshore Inc, the $1bn Bermudian-based insurer which is keen to buy the firm.
10 December 2007
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