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  • Lloyd's is understood to have taken a sizeable hit on its Central Fund dispute last month after settling with Benfield Group and Aon Ltd, but will be relieved the long-running dispute is over.
  • Proposed start-up Leinster Group Ltd has refused to acknowledge defeat following the Society's rejection of its application.
  • Although the publication of the draft Solvency II directive for European regulation on 10 July dealt no real surprises to the insurance community, there are still many compliance challenges ahead.
  • Electronic trading platform RI3K is in advanced talks with rival outsourcing firms Capita and Xchanging over partnering to build an integrated bureau facility for Bermuda’s (re)insurance market, The Insurance Insider can reveal.
  • New York-based hedge fund Fortress Investment Group’s offer to buy defunct run-off insurer Alea Group Holdings Ltd was declared unconditional on 5 July.
  • Independent Insurance's non-core reinsurers were kept in the dark over the true extent of the company's losses, a UK court was told.
  • Former American International Group (AIG) supremo Maurice "Hank" Greenberg countersued his former employer for the second time in as many weeks...
  • UK-listed broker Jardine Lloyd Thompson Group plc is suing three of its former energy brokers...
  • Lloyd's specialist broker Thompson Heath & Bond (THB) Group has recruited a new wholesale broking team from Heath Lambert Group.
  • It was only recently that a US judge was bemoaning the lack of case law on reinsurance broking commissions and then along comes Benfield Group suing rival Aon Re for $2.4m in damages...