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  • Amid almost 50 separate US proceedings and dozens of international cases, Allen Stanford's UK and US legal teams are entrenched in an ever deepening dispute over accessing defence funds...
  • Berkshire Hathaway backed insurer plans listing with veteran figure as chairman. Michael Wade, the founder and chief executive of Lloyd's investment vehicle Rostrum, is set to renew his association with former colleague James Stuart by becoming the non
  • American International Group (AIG) is accelerating steps to position its American Life Insurance Company (ALICO) subsidiary for a spin-off, as it continues to assess strategic options for the US life business, which may yet lead to a trade sale.
  • Benfield Group has become the latest reinsurance broker to respond to the growth in insurance linked securities with the creation of a new team to advise on non-traditional risk transfer solutions.
  • Specialty insurer Houston Casualty Company (HCC) said its profits had risen steeply in the second quarter of 2004 on the back of higher premiums and commission income.
  • Standard & Poor's (S&P) has offered a vote of confidence to Hannover Re CEO Ulrich Wallin as he moves towards the end of his first year in the job by removing the company from negative watch.
  • Argo International appointed Paul Kneafsey as active underwriter of the liability division of its Lloyd's Syndicate 1200 last week, laying to rest speculation that he was poised to follow his erstwhile boss Mark Lawrence through the exit.
  • Former Morgan Stanley analyst Alice Schroeder has called for underwriters to take more responsibility for their actions and for a return to sound principles of underwriting to mitigate the effects of the cyclical market.
  • The seventh and final executive convicted over a fraudulent $500mn reinsurance deal that misled investors about AIG's financial health is set learn his fate on 15 September.
  • Growing signs in the US point to the likely passage of class action reform, as legislators seek to clamp down on the fast growing and costly trend of mass torts. After the Class Action Fairness Act 2003 HR 1115 was passed a year ago by the House of Rep