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  • A New York court has reversed an order for Travelers to pay over $500mn in claims from a complex asbestos case dating back decades.
  • Marsh & McLennan and Willis Corp revealed last month that US regulators have eased restrictions on them charging contingent commissions, or Placement Service Agreements, when the broker is acting as agent of the (re)insurance seller, rather than as a repr
  • Bond investors on Zurich Financial Services' (ZFS) loss-stricken Kamp Re 2005 will pay out $29.7mn in losses from the principal amount of the notes on 14 December.
  • Expansive Lloyd's insurer Jubilee has officially launched its global property business under the leadership of former Travelers underwriter Martin Pope - a move predicted by The Insurance Insider last July.
  • Numis Securities lowered its earnings forecast on the UK-headquartered broker Jardine Lloyd Thompson Group plc (JLT) earlier this month and reiterated its sell recommendation on the company's stock.
  • Insurance specialists Edwards Angell Palmer & Dodge LLP (EAPD) and London-based Kendall Freeman are understood to be considering a merger, Insider Week understands.
  • Numis Securities lowered its earnings forecast on the UK-headquartered broker Jardine Lloyd Thompson Group plc (JLT) and reiterated its sell recommendation on the company's stock.
  • Giant US insurer American International Group (AIG) is the lead underwriter on the passenger jet that crashed into a fuel depot and burst into flames while landing in Sao Paulo last night, according to market sources.
  • The escalating Eurozone debt crisis is not just piling pressure on the continent's banking sector, as (re)insurers in pressurised nations continue to feel the financial squeeze amid a continent-wide panic.
  • Swiss Re has sold its private equity investment arm to BlackRock and signed a strategic agreement under which the asset management giant will manage its alternative investment portfolio.