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  • First half profits at Co-operative Financial Services (CFS), the banking and insurance subsidiary of the UK consumer conglomerate The Co-operative Group, tumbled by 53 percent to £38mn as a result of "exceptional weather-related losses".
  • Reinsurance broker RK Carvill has sold its US West Coast operations to its president Brendan Roche for an undisclosed sum.
  • Lloyd’s finance director Andrew Moss surprised observers last week when he resigned to become the Group finance director of UK insurer Aviva plc.
  • The UK's Court of Appeal has upheld the decision that broker JLT Risk Solutions (JLT) owed Australian insurer HIH a "duty to inform" post-placement in a decision which is seen as...
  • Aspen Re, the London market reinsurer spun-out of the Lloyd's insurer Wellington Underwriting last year, is planning to reward its private equity backers by floating in the US later this year. Although less than a year old, Aspen plans to follow in the
  • Neil Strong joins Willis after a hellish summer defending Aon’s practices in placing John Charman’s whole account reinsurance programme
  • China Reinsurance Group, the country's largest reinsurer, is planning an initial public offering (IPO) after inviting "strategic" investors to buy stakes, according to a statement from the company last week.
  • Bermudian cat specialist IPCRe reported a rise in first quarter net operating profits from $68.5mn to $92.8mn, despite an active period for natural catastrophe and large risk losses.
  • Lincoln General Insurance Company and Pro, a subsidiary of UK-listed legacy acquirer Tawa, announced a strategic relationship last week that will bring together their resources and experience.
  • Bermudian start-up insurer Ironshore Inc has appointed former Lloyd’s CEO Ron Sandler to its board.