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  • The Australian Supreme Court has sentenced Dominic Fodera, the former chief financial officer of failed insurance company HIH, to at least an extra year in prison.
  • Ariel Re has promoted Ryan Mather to the new position of chief underwriter for reinsurance.
  • UK (re)insurer decided to renew Flagstone quota share rather than go to investors...
  • D&O insurers for 309 companies facing IPO class actions agreed to a $1bn settlement with plaintiff law firms last week, thereby clearing the decks for the “laddering” dispute between Wall Street firms, their liability insurers and disgruntled investors.
  • English can often be misleading, so we have rustled up a guide to aid understanding to the minefiled of Lloyd's business jargon. This month it's the opaque business desription:
  • ACE's Bermudian contemporary XL continues to suffer its own legacy issues, unveiling a further boost to its US reinsurance reserves this month, which included a $64.7mn pre-tax increase for its workers' compensation reserves.
  • US insurer the Chubb Corporation has placed its 2005 third quarter catastrophe loss estimate at roughly $600mn gross and $390mn post-tax.
  • Ariel Re has promoted Ryan Mather to the newly created position of chief underwriter for reinsurance.
  • Tony Latham, the long-serving head of Global Relations at Royal & Sun Alliance, is set to leave the UK headquartered insurer next year, Insider Week can reveal.
  • US insurer Chubb Corp reported an "outstanding" second quarter of 2006 with net income rising to $598mn, compared to $495mn for the prior-year period.