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  • The heads of Guy Carpenter’s facultative reinsurance broking division GCFac who defected to rival Integro Ltd in April are set for an acrimonious legal dispute after their former employer filed lawsuits against them last week.
  • Agreement ends years of dispute over John Charman’s reinsurance programme After a month of proceedings in the High court, lawyers from ACE, Aon and Gordian - the run-off company for Australian reinsurer GIO - have entered into a confidential settlement
  • Arab Insurance Group (ARIG) announced the formation of Islamic reinsurer Takaful Re today (19 September) with $125mn of paid up capital and up to $500mn of authorised capital. Based in the Dubai International Financial Centre, Takaful Re will be the...
  • US regulators are set to up the ante in their investigations of broker commission structures by broadening their scope to include possible criminal charges, Insider Week can reveal.
  • French reinsurer revealed last week that it has applied for a licence with the China Insurance Regulatory Commission (CIRC) to write reinsurance business in China.
  • Omega has confirmed that it received more than one takeover approach since it acknowledged the interest of Canopius early in January.
  • French insurance giant AXA's UK subsidiary has taken formal control of broker SBJ Group after getting the green light from shareholders and UK regulator the Financial Services Authority.
  • Despite declining rates, the insurance broker Willis continued its remarkable renaissance by unveiling its eighteenth consecutive quarter of record results with second quarter net income up $16mn from last year to $96mn.
  • The Joint Provisional Liquidators of the Independent Insurance Company have announced an out-of-court settlement with Berkeley Burke, one of the failed insurer’s creditors.
  • Supplementary benefits removed for all but the senior ranks in efficiency drive… Marsh UK is in the process of scrapping its final salary pension scheme for its staff and ceasing supplementary benefits for all but the highest earners...