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  • Consultants Watson Wyatt has announced that it will establish an insurance and financial services consulting team based in Munich.
  • Despite the uncertainty thrown up by the Scottish Lion ruling, administrator PricewaterhouseCoopers is pushing ahead with the proposed solvent scheme of arrangement for Minster Insurance Company.
  • RSA has placed a Czech motor insurance subsidiary in run-off, which will add a £10mn restructuring charge to the group's half-year result
  • The share price of Spanish (re)insurer Mapfre Group closed up 6 percent at EUR1.60 on 29 June following overnight news that Eurozone leaders would amend their aid rules to bolster the continent's creaking banking system
  • The G6 group of Lloyd's insurers has today (5 April) announced that it has agreed new electronic processes with four major brokers using the internationally recognised ACORD data standards.
  • 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.
  • Run-off insurer Alea Group Holdings has received a one-time payment of $203.6mn to "fully and finally" commute all exposures with its Bermudian neighbour Max Capital.
  • Insurance giant American International Group (AIG) slumped to a fourth quarter net loss of $5.29bn after taking a staggering $11.12bn pre-tax mark-to-market loss on the super senior credit default swap (CDS) book of its financial products division AIGFP.
  •  Allied World opens in Singapore; Maiden agrees GMAC quota share with American Capital
  • Chaucer Syndicates Limited, the managing agency arm of Chaucer Holdings PLC, announced today (18 September) that it has recruited an engineering team.