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  • Bermudian reinsurer Aspen Last Tuesday (6 December) increased its hurricane losses to a range of $470mn to $535mn (previous upper end of $400mn) and announced plans to raise $400mn in new capital.
  • 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 today (24 March).
  • Lloyd's (re)insurer Advent has appointed Jim Migliorini as its new chief executive
  • The long-running saga over Credit Lyonnais' illegal takeover of the distressed Californian life insurer Executive Life took a further turn last week, after the French bank agreed to settle with an American International Group (AIG) subsidiary.
  • Cats are up and it's official; 1999 was the second-worse year for insurance losses. In its 30th year of publication by Swiss Re, the latest Sigma report on major losses in 1999 paints a woeful picture of devastating natural catastrophes and expensive...
  • Insurers for Deepwater Horizon owner Transocean have filed legal complaints, seeking declarations that Macondo well owners BP, Anadarko and Moex are not "additional insureds" under its policies
  • A team of Heath Lambert management risks brokers – led by Calvin Barnes - have defected to the expanding Oxygen Holdings plc.
  • As senior insurance exectives worldwide pledge their commitment to underwriting discipline in the turning market, European insurers have been challenged to continue growing balance sheets over the next few years through sustained profitable growth. In
  • Willis Group's first quarter profits have fallen slightly on the prior year period after the company took a $33mn hit from severance charges to departing staff.
  • London's rapid retreat from US Directors’ & Officers’ coverage has begun to look like total capitulation after the withdrawal of Faraday and the departure of a leading AIG underwriter within days of each other.