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  • The collapse of Lehman Brothers made its impact felt in the reinsurance convergence markets last week as ratings agency Standard & Poor's (S&P) put tranches of four cat bonds guaranteed by the failed investment bank on negative watch.
  • There was increased speculation over the weekend that the UK’s second largest domestic non-life insurer, Royal & Sun Alliance (R&SA), will launch a rights issue later this week.
  • Lloyd's managing agency Novae Syndicates Limited has reported no deterioration in run-off reserves as it continues to successfully manage down its legacy business.
  • Lloyd's (re)insurer Chaucer is mulling whether to continue providing turnkey services to nascent Lloyd's syndicates, according to well-placed sources.
  • An irregular section that looks at memorable quotes.
  • Faraday Group chief executive Milan Vukelic has been suspended as US regulatory authorities continue to probe General Re’s past finite reinsurance transactions.
  • Amlin plc has confirmed that it is in discussions with fellow Lloyd's insurer Chaucer plc about a possible takeover.
  • Ratings agency Standard & Poor's (S&P) has downgraded its insurer financial strength (IFS) ratings of Bermudian reinsurer PartnerRe's operating subsidiaries by one notch to A+ from AA-
  • City stockbrokers Collins Stewart has threatened legal action against the Financial Times after the newspaper printed allegations of unsavoury business practices.
  • The proposed WFUM pool scheme of arrangement, involving 16 different insurance companies, was granted leave to convene creditors' meetings by the UK High Court on 9 June.