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  • Swiss start-up reinsurer Glacier Re continued its expansion with the appointment of Oliver Wirtzfeld as senior underwriter and Cinzia Muggiasca Ahr as financial controller as of 1 April 2005.
  • The scheme of arrangement on the four EW Payne Pools was finally approved in the UK High Court last month.
  • WR Berkley has hired an American International Group (AIG) financial institutions duo, The Insurance Insider understands.
  • Alterra Capital Holdings is offloading its US contract binding authority (CBA) division to Selective Insurance Group after determining the business does not fit in with its long-term strategy.
  • Veteran class action lawyer Bill Lerach, who represented Enron investors and other shareholders suing large corporations, faces up to two years in jail and will be forced to pay $8mn in fines after pleading guilty...
  • The spectre of asbestos has returned to haunt reinsurance giant Munich Re as it revealed in its full annual report this morning (20 March) a $600mn strengthening of loss reserves for related claims.
  • Australia has been hit by its worst natural disaster in over a century as bushfires took hold in the southern state of Victoria on 7 February and swept through towns killing 135 people and destroying at least 800 homes.
  • Sony expects its insurance cover to "offset almost all" of its estimated $131mn earthquake losses relating to fixed assets in the fiscal year ending 31 March 2012
  • Lloyd's insurer Wellington has outsourced its procurement of external professional advisors to back-office specialist Xchanging.
  • Bermudian Endurance Specialty Holdings is building its presence in UK construction insurance with a team headed by former HDI Gerling UK underwriter Simon Challinor.