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  • An Australian court has been told of the culture of "bravado and extravagance" at failed Australian insurance company HIH.
  • Lloyd’s insurer Amlin plc is planning to start a Bermudian (re)insurer next year, The Insurance Insider can reveal.
  • The verdict on the latest round of WTC insurance litigation is still hanging in the balance, as Insider Week goes to press.
  • In a surprise move, reinsurance giant Swiss Re announced today that Jacques Aigrain will succeed John Coomber as its chief executive.
  • Bermudian property catastrophe reinsurer IPCRe has today (23 January) revealed a modest increase in the estimated impact from hurricanes Katrina and Rita, together with an estimated net impact of $105mn from Hurricane Wilma, after reinstatements.
  • If tornado losses continue to stack up the ratings on two cat bonds could be affected, Standard & Poor's (S&P) has warned.
  • UK broking consolidator, Towergate Partnership agreed a £95mn cash offer for Yorkshire-based Broker Network Group last month, valuing the firm at almost four times revenues.
  • Shares in reinsurance broker Benfield Group Ltd rose more than 12 percent to 305p in early trading this morning (28 September) following reports of aborted takeover talks with the private equity arm of Goldman Sachs.
  • UK insurer Royal and Sun Alliance (R&SA) has secretly appointed Goldman Sachs and Lehman Brothers to sell its UK life business, the Sunday Times reported yesterday (14 December).
  • The devastating floods that have hit large parts of England this week will inflict insured losses in excess of £500mn, according to Risk Management Solutions (RMS) estimates.