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  • Arch Re Europe - a subsidiary of Arch Capital - has acquired Ariel Re's orphaned credit and surety reinsurance business.
  • According to reports last week, the European Commission (EC) is set to investigate the role of rating agencies over their response to the US sub-prime mortgage crisis.
  • Trenwick Managing Agency announced at the beginning of the month that it had stopped writing aviation business "with immediate effect". The firm, which hopes to announce a management buyout from its distressed parent Trenwick International later this mont
  • ‘Placement Model Proposal’ endorses transparency; suggests additional fees may be charged. Marsh’s UK retail operation plans to offer customers a 2-5 percent discount off the “nett” price of cover, and has not ruled out charging the market extra...
  • 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.
  • Omega Underwriting Holdings Plc became the latest Lloyd’s insurer to become publicly listed when trading began in its shares on the London Stock Exchange’s Alternative Investment Market last week.
  • The imminent renewal of the flagship Lufthansa account looks set to underline the soft conditions in the airline market with underwriters apparently set to accept greater exposures for effectively a similar rate as last year.
  • Former head of Benfield's Latin America and Caribbean team Aidan Pope has left the firm in the wake of its merger with Aon to join rival Guy Carpenter, The Insurance Insider can reveal.
  • Ratings agency Standard & Poor's (S&P) has downgraded the $135mn Class C notes of Oil Casualty Insurance Company's (OCIL) Avalon Re cat bond following the notification of claims arising from the New York steam pipe explosion in July 2007.
  • Bermudian-headquartered run-off company Alea Group Holdings' has reported deterioration in its reserves of around $30mn, largely relating to its North American reinsurance portfolio, in its 2007 results.