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  • The “implosion” of 296 sub-prime mortgage lenders in relation to the credit crisis has led to 418 sub-prime and credit crisis-related lawsuits, including 124 securities class actions lawsuits (SCAS) filed to date...
  • Despite a modest investment setback in Q4, Fairfax Financial Holdings (FFH) added almost a third to its book value in 2009 as workers' compensation underwriter Zenith National Insurance (ZNT) was unveiled as its latest takeover target.
  • Musical chairs among the senior London market underwriting associations saw the chairman and chief executive of ACE’s European operations Andrew Kendrick replace Brit’s Dane Douetil as chairman of the Lloyd’s Market Association (LMA).
  • Reinsurance broker Guy Carpenter has appointed Rupert Bedford as head of broking for the UK operations of GCFac, the firm's dedicated facultative reinsurance unit
  • Lloyd's is to launch its new Chinese onshore reinsurance operation in Shanghai, the Society announced in a statement today (3 April). The move follows approval from Chinese president Hu Jintao last November for Lloyd's to set up as an onshore...
  • Bermudian reinsurance start-up Ariel Re has recruited the head of ACE Energy, Chris Fisher, to lead its energy underwriting division. Fisher was chosen by ACE last year to head its new retail energy unit, ACE Energy, which offers property and...
  • UK broking houses approach higher risk business involving third parties "far too informally", according to the Financial Services Authority (FSA).
  • Direct Line shares were up 7.5 percent in conditional trading today after the insurer's IPO was priced at 175p per share, just below the midpoint of the previously specified range.
  • The British Insurance Brokers' Association (BIBA) has criticised the Financial Services Authority's (FSA) long awaited consultation paper proposing amendments to its Insurance Conduct of Business (ICOB) rules.
  • Sandler and Fisher signed up by new London Market intermediary London market intermediary start-up Oxygen opens its doors for trading today (4 October) with the backing of an impressive array of investors and senior management, and a mission to attr