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  • US insurers have received a second boost from the courts as they battle the “wind versus water” claims related to Hurricane Katrina.
  • Speculation over location of IPO ends with the surprise choice of London Benfield, one of the London market's leading brokers, surprised observers at the end of last month by revealing it was to choose London over New York for the location of its long
  • The former vice chairman of transition planning and chief administrative officer at American International Group (AIG), Richard Booth, has joined reinsurance broker Guy Carpenter as vice chairman, effective 7 July
  • Like its larger rivals Aon and Willis, Arthur J Gallagher & Co was able to report a rise in total brokerage and risk management revenue of 6 percent, but the Chicago-based firm missed Wall Street estimates in its Q2 figures as the soft market hit results.
  • The seven-year outsourcing contract for reinsurance broker Aon Benfield's UK claims back office won by business process outsourcing specialist Xchanging last week is worth between £20-25mn...
  • US lawyers have brought a class action lawsuit against Swiss Re in connection with last November’s SFr1.2bn writedown of two credit default swap (CDS) contracts.
  • Lloyd’s based broker Fabien Risk Services Ltd has gone into liquidation with debts of over £700,000 and questions over the behaviour of some of its former directors. The company, which was formed in 2001 and traded from offices in Romford, Essex and...
  • US insurer Markel’s London operation, Markel International (MINT), plans to open a branch office this summer in Toronto in order to access Canadian business for its Lloyd’s Syndicate 3000.
  • Syndicate 1880, the Kiln-managed syndicate used by Tokio Marine for intra-group reinsurance, has incurred a loss of $840mn after it was hit by $731mn of claims originating from the parent company's Sri Muang joint venture in Thailand.
  • A good start to the year for Bermuda’s Endurance has registered with ratings agency A.M. Best. Last Wednesday, the group’s holding company announced that its subsidiaries Endurance Specialty Insurance Ltd, Endurance Reinsurance Corporation of America, and