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  • Up-for-sale Lloyd's insurer Chaucer Holdings – which last week posted a better-than-expected loss for 2008 – is mulling a number of approaches after the deadline it set for formal bids passed last Thursday (12 March).
  • Lloyd’s insurers Hiscox plc and Kiln plc have confirmed they intend to reduce their capacity limits next year reflecting the declining market rates.
  • Investment bank Cazenove issued a downbeat note on reinsurance broker Benfield Group last week following the arrival of former JLT chief executive Steve McGill and the decision to expand its business into the primary markets.
  • German reinsurer R+V has been awarded £14mn, plus interest, in its long-running dispute with the former Lloyd’s-based managing agency Risk, Insider Week can reveal.
  • Allianz continued its strategic stake-building in the UK distribution chain this month, with confirmation that it has acquired a 10 percent minority share of Yorkshire-based broker The Oval Group, as predicted by The Insurance Insider in September.
  • Omega has announced that its sale to Lloyd's peer Canopius will be finalised by the end of August, signalling a clearer closure date after a long, drawn-out M&A process.
  • The beleaguered broking giant MMC took further steps to improve its corporate governance rating last month by firing five senior executives from its board of directors last week.
  • UK general insurers face a minimum increase of 36.7 percent to their levies from the Financial Services Authority (FSA)
  • 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
  • Your (re)insurer wriggles out of its underwriting liabilities? Don’t worry; you've always got Plan B - sue the broker...