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  • Nick Metcalf, the former head of XL Capital’s London market operations, is set to return to underwriting by joining the fast expanding (re)insurer Arch Capital Group Ltd.
  • Michael Bright, the colourful founder of collapsed UK insurer Independent Insurance, will face trial on charges of conspiracy to defraud at a trial starting after Easter 2007, a preliminary hearing at Southwark Crown Court heard on the 24 March.
  • The forthcoming Australian cyclone season is expected to be the worst in over a decade, according to forecasters at Tropical Storm Risk (TSR).
  • Ascot Underwriting founder Martin Reith has stepped down as its CEO just months after agreeing a deal with American International Group (AIG) for the Lloyd’s insurer to become a wholly owned subsidiary of the troubled US giant.
  • Euclidian, the Berkshire Hathaway backed insurance company, is close to merging with fellow Lloyd’s insurer Canopius, Insider Week can reveal. According to sources, the two companies remain locked in discussions that could see the firms combine in tim
  • Lloyd’s insurer Beazley received a welcome boost from analysts Numis Securities after it failed to gain investor backing for a new syndicate last month. Numis has upgraded its rating on Beazley shares from ADD to BUY and increased its price target...
  • Plummeting rates during last year's airline renewals have left the market close to its "burning cost" where it could struggle to turn a profit.
  • Berkshire Hathaway more than doubled its reinsurance business in the first half of 2006 as it exploited the capacity crunch felt for US property catastrophe business.
  • Rating agency Standard & Poor's (S&P) gave a preview of its updated risk-based capital model last week (1 June), saying that it does not see it as an "opportunity to raise the industry's overall capital requirements substantially".
  • John Byrne, formally of Gen Re subsidiary Cologne Reinsurance (Dublin) Ltd, has been banned from operating as a reinsurance specialist in the UK and Australia for five years as a result of his involvement in a series of financial reinsurance transactions.