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  • Another HIH Insurance executive is set to plead guilty to fraud charges relating to the Australian insurer's collapse five years ago.
  • Ratings agency Fitch Ratings has followed Standard & Poor's (S&P) in downgrading Swiss Re following it acquisition of GE Insurance Solutions (GEIS).
  • Insurance broker Willis Group Holdings Ltd made an agreement to acquire Norwegian broker Link Forsikringsmegling AS (Link) on Friday (7 July).
  • Around £800mn has been lost from UK general insurance giant Aviva plc's valuation since it confirmed last week that it is in talks with the £1.3bn US fixed-indexed annuity product producer, AmerUs.
  • UK general insurer Aviva plc revealed today (7 July) that it is in talks with AmerUs Group over the potential acquisition of the $2.3bn or £1.3bn valued US life insurer.
  • Failed (re)insurer GoshawK last week released its 2005 preliminary results, revealing an after-tax loss of $140mn and warning that further deterioration in Hurricane Wilma losses would not be covered by its reinsurance protection.
  • Mark Cloutier, the head of run-off at the defunct reinsurer Alea Group Holdings, will replace Marc Ricciardelli as the company's chief executive from 1 September.
  • Bavarian-based (re)insurance giant Munich Re moved a step closer to restoring its once cherished double A rating on 27 June, with the news that Standard & Poor's (S&P) had revised its outlook on the company's A+ rating from stable to positive.
  • French (re)insurer SCOR has agreed to buy German life reinsurer Revios in a $775mn transaction.
  • Rating agency Standard & Poor's (S&P) confirmed last month that Swiss Re's acquisition of GE Insurance Solutions (GEIS) has cost the reinsurer its AA rating, which has been downgraded a notch to AA-.