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  • The (re)insurance industry has been exposed to a fresh wave of securities litigation filings in the first three months of 2009, according to information service Advisen, which counted 67 securities class action lawsuits in Q1 2009, up from 56 a year earli
  • Catlin Group Ltd’s Bermudian operating subsidiary is poised to launch a new cat bond believed to be providing $225mn of US wind and quake cover for the firm.
  • Guy Carpenter chairman Britt Newhouse is relocating to London as the reinsurance broker looks to bolster the management structure of its European operations, The Insurance Insider can reveal.
  • Fitch Ratings has maintained its Stable rating Outlook on the global reinsurance sector despite “increasingly difficult market conditions”.
  • Shares in Aon Corporation were up last week amid rumours the broking giant may be the target for a leveraged buyout as private equity interest in the sector continues to grow.
  • Divided House likely to call time on Hatch plans as “best opportunity in a decade” slips away
  • ACE's Syndicate 2488 underwriter Andrew Kendrick has been promoted to the role of president and chief executive officer of ACE Bermuda, replacing the current incumbent Mark Herman. Currently president of ACE Global Markets and a director of ACE INA UK
  • Despite Lloyd’s chairman Lord Levene’s recent assertion that “capital is capital. I don’t understand why people should be fixated by a particular type of capital”, the Franchise Board of Lloyd’s has established a Working Group to advise on the Society’s f
  • London’s role as an epicentre for international (re)insurance business has been threatened by a number of jurisdictions over the years – not least the seemingly inexorable rise of Bermuda and, closer to home, the emergence of Dublin.
  • Steve Taylor, business development officer for Gallagher Re, is leaving the reinsurance broker to join one of its clients, WR Berkley Corporation.