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Colemont acquires Brazilian broker
Colemont Global Group, the international arm of US wholesaler Colemont Corporation, announced the acquisition of a majority share in a leading Brazilian aviation broker last week.
01 October 2007
Former HIH director in guilty plea
Former HIH director Dominic Fodera, who is serving a two-year jail term for issuing misleading financial statements, has pleaded guilty to a further criminal charge relating to the collapse of the failed (re)insurer.
01 October 2007
More reserve releases in the pipeline as Lloyd's unveils £1.81bn profit
Lloyd's interim results reflected the strong performance of insurers underwriting in the marketplace as well as warnings of widely softening market conditions.
01 October 2007
Industry giants lock horns over Bermuda tax advantages
The debate last week over whether to end the "unfair advantage" enjoyed by Bermudians using US affiliates over American-domiciled rivals ended in a "stalemate", according to analysts at Morgan Stanley.
01 October 2007
Catlin welcomes Best outlook change
Catlin Group Ltd has welcomed AM Best's upgrade of the outlook on the London-listed (re)insurer's A rating from negative to stable.
01 October 2007
Marsh looks outside for CEO role with reshuffle
Marsh and McLennan Cos (MMC) effectively ruled out the immediate elevation of executive Phil Moyles as the next leader of its broking business, Marsh Inc, with a reshuffle of its senior executives last week.
01 October 2007
Markel International appoints Singapore executive
Markel International, part of the stream of Lloyd's insurers opening a Singapore platform, has confirmed former Marsh Asia executive Peter Phillips will head its new office.
01 October 2007
Hiscox begins buyback scheme
Bermuda-headquartered Lloyd’s insurer Hiscox Ltd has begun a share buyback scheme after purchasing 839,699 ordinary shares.
01 October 2007
Court dismisses major US RICO suit
A class action bid-rigging suit against a number of commercial insurers and brokers has failed to show the industry players were guilty of fraud under federal racketeering statutes or that they violated federal anti-trust laws...
01 October 2007
WFUM gets High Court sanction
The proposed Schemes for the 14 WFUM Pools Scheme Companies was sanctioned by the UK High Court on 17 September.
01 October 2007
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