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  • Marsh UK executives are to meet later this week to approve the delayed £200mn outsourcing deal with Capita, The Insurance Insider understands.
  • Allstate Insurance Company has filed a $30mn insurance fraud lawsuit against 52 New York doctors, attorneys and medical clinics alleging their involvement in a fraud scheme using the state's "no-fault" auto insurance laws.
  • Giant reinsurer Swiss Re has signed an agreement to acquire some of UK life funds consolidator Resolution plc's life books from Standard Life plc for £2.35bn as it continues to build its Admin Re brand.
  • German insurance giant Allianz Group is to cut 7,500 jobs as part of what the company termed a “restructuring and modernising” of its business processes.
  • Ratings agency Standard & Poor’s (S&P) has warned reinsurers to hold firm when balancing demand from clients, brokers, and shareholders to sustain underwriting volumes, with the need to cut exposures as rates potentially drop off across a number of lines
  • In issue 253 of Insider Week, we erroneously attributed a quote from Morgan Stanley analyst David Collins, to Nick Johnson of Numis.
  • One of the biggest problems facing companies operating e-commerce sites on the web is the ability to handle the anticipated volume of on-line trades both rapidly and securely. A recent report indicated that up to eight out of ten internet trades are...
  • Lloyd's insurers delivered broadly impressive half-year figures, with improved investment performance bolstering strong combined ratios.
  • Quoted Lloyd’s insurer Hardy has announced that it will form a new non-marine syndicate for 2007, which will be led by Clal Insurance Syndicate 1301 underwriter Patrick Gage.
  • UK-quoted insurer Hiscox said last month that plans to redomicile to Bermuda are on track.