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  • All four independent directors have resigned from Converium’s UK partner, the Medical Defence Union (MDU), following a dispute over salary disclosure.
  • Royal & Sun Alliance Insurance Group plc revealed a group restructuring last week to reflect the focus of the company into its UK, International and emerging markets.
  • Frankel: extradition delayed by court appearance Martin Frankel, the alleged fraudster, who the authorities claim, was responsible for the disappearance of hundreds of millions of dollars from insurers by way of a string of insurance companies controll
  • The UK insurance outsourcing company Rubicon Corporation has appointed Kroll Corporate Advisory & Restructuring Group as administrators after experiencing trading difficulties.
  • UK general insurer Royal & SunAlliance (RSA) announced that its Danish subsidiary Codan acquired two Norwegian insurers on 12 September.
  • XL Insurance has expanded its North America construction team with six new hires
  • Fancy buying over $20 for $5? Then perhaps all you need do is instruct your broker to buy XL Capital. The embattled insurer was forced to reassure shareholders on Friday (10 October) that its third quarter book value would be $21-$22.50 after its stock tu
  • Lloyd's insurer Wellington has outsourced its procurement of external professional advisors to back-office specialist Xchanging.
  • Second quarter US cat losses, which the ISO has revised upwards to $6.03bn, are likely to hit the bottom line of personal as well as commercial lines insurers, according to the latest analysis from Fox-Pitt, Kelton.
  • The UK insurance outsourcing company Rubicon Corporation has appointed Kroll Corporate Advisory & Restructuring Group as administrators after experiencing trading difficulties. Established in late 2000 by the former chief executive of...