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  • A team specialising in insurance transactions has joined law firm Sidley Austin’s global Insurance Practice in the New York.
  • Illium Managing Agency Ltd has parted company with active underwriter Denis Burniston, who founded the Lloyd’s liability specialist in 2003 with current chief executive Russell Benzies.
  • 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.
  • Global P&C insurer Chartis does not expect to increase its catastrophe reinsurance spend in 2011, according to Nic Walsh, the American International Group (AIG) firm's vice chairman
  • Two subsidiaries of Canadian combine Fairfax Financial Holdings, Crum & Forster and Odyssey Re Holdings, filed delayed 10-Q results forms with the Securities and Exchange Commission.
  • HCC Insurance Holdings reported a record third quarter in its delayed earnings report last week and concluded its review of the company’s option granting practices that led to the shock departure of the insurer’s founding chief executive Stephen Way last
  • The verdict on the latest round of WTC insurance litigation is still hanging in the balance, as Insider Week goes to press.
  • In the perennial battle between the plaintiff bar and the (re)insurance industry the attornies won a decisive victory in California this month.
  • Electronic data transfer platform RI3K has announced the delivery of a new facility, allowing placement and transfer of facultative risks, in addition to its existing treaty transfer capability.
  • 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.