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  • Insurers led by Tata-AIG are resisting claims brought by Indian IT and outsourcing giant Satyam Computer Services, according to local media reports.
  • Security Capital Assurance Ltd (SCA) and its financial guaranty insurance subsidiaries have had their insurer financial strength ratings slashed from AAA to A by Fitch Ratings after investors – including XL Capital – effectively decided against bailing ou
  • Liberty Syndicates – one of the largest Lloyd’s (re)insurers – has parted company suddenly with its managing director Sean Dalton and head of underwriting Andrew Elliot, The Insurance Insider can reveal.
  • Swiss Re and Berkshire Hathaway have settled a dispute over a 2010 life retrocession contract in a deal that will unwind part of the reinsurance cover
  • A New York state appeals court has reinstated an antitrust lawsuit brought by Global Reinsurance Corp against Equitas.
  • Financial magazine Barron's has focused attention on giant conglomerate Berkshire Hathaway by speculating that the company might break its 45-year run of withholding dividends.
  • Swiss Re has agreed to buy the life insurance business of Chicago-based CNA for $690m in cash.
  • Liberty Syndicates - one of the largest Lloyd's (re)insurers - parted company suddenly with its managing director Sean Dalton and head of underwriting Andrew Elliot, Insider Week revealed last Friday (7 July).
  • The head of Marsh's global industry practices, James Enelow, is to leave the broker as the company continues with its restructuring plans, The Insurance Insider revealed earlier this week.
  • German reinsurer R+V accuses Lloyd's based managing agency of fraudulently altering terms of binding agreement; defence says it's "a stitch up from the word go"... The Royal Courts of Justice showdown between German reinsurer R+V and managing agency Ri