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  • $600mn Goldman Sachs deal postponed AIG’s denial of liability on $183mn of Flashpoint bonds - which has ignited a war of words between investors, investment bank Credit Suisse First Boston and the world’s largest insurance company - could backfire.
  • Phil Moyles has joined the legions of ex-MMC executives at private equity firm, Stone Point Capital.
  • A series of tornadoes struck towns across England this morning (24 September) damaging homes and vehicles.
  • Troubled listed Lloyd's insurer SVB has blamed a £41.94mn cash call to comply with US Trust Fund requirements, which do not allow credit to be taken for any recoveries that may be made under existing reinsurance programmes, for the reduction in its 2002 u
  • XL America announced on Friday (17 November) that it had bought renewal rights for professional liability business from Royal & Sun Alliance USA’s DPIC unit.
  • Novae Group's medical malpractice underwriting manager, Bill Edrich, has been appointed underwriting director of its insurance company, Novae Insurance Company Limited (NICL).
  • Lloyd’s insurer SVB Holdings Plc has drawn-down a further £32.4mn from the special £103.6mn group reserve it established last year to absorb mounting losses from its syndicates’ legacy US casualty exposures.
  • Buffeted by a draconian restructuring programme and the departure of senior executives, UK broker Heath Lambert had some good news last month - in the shape of a number of new appointments and promotions to its regional and head offices. On 9 March Hea
  • Despite strong underwriting results, fast growing Bermudian-based (re)insurance group White Mountains saw its second quarter earnings hit by rising interest rates, as $139mn of after-tax unrealised losses on its fixed income portfolio contributed to a $38
  • German reinsurer Hannover Re reported a “gratifying” third quarter result in which the group posted net income of EUR123.5mn.