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  • It was a litigation double whammy for telecom giant Cable & (C&W) last week with the opening skirmishes in London’s Royal Courts of Justice of two commercial actions relating to its former captive insurer Pender Ltd.
  • Hannover Re reported a 55 percent increase in its net income for the first nine months of the year.
  • Swiss Re's move to replace its chairman Peter Forstmoser with his deputy Walter Kielholz has met with a mixed response from analysts and investors, because of the latter's perceived role...
  • US insurer St Paul Travelers has denied reports that it’s been in merger discussions with Zurich Financial Services Group, that were first reported in the Wall Street Journal on 17 March. The possible creation of an insurance leviathan to match...
  • The Cypriot jet that crashed in Greece Sunday (14 August) morning was insured in the London market for an estimated $30mn.
  • Strong growth at subsidiaries Guy Carpenter, Kroll and Mercer pushed Marsh & McLennan Companies Inc (MMC) to book fourth quarter 2006 revenue growth of 9 percent to $3.1bn, as it reported consolidated net income of $226mn for the period.
  • Willis North America chairman and CEO Don Bailey has resigned from the "big three" broker to join personal lines giant Allstate, as first revealed by The Insurance Insider.
  • The failure of lawyers Mel Weiss and Bill Lerach to see eye-to-eye led to the dissolution of their legendary shareholder class action law firm Milberg Weiss Bershad Hynes & Lerach LLP into two new partnerships – safely based on either side of the United S
  • Berkshire Hathaway stake in GAUM confirmed, but joined in ownership by Munich Re and Converium AG In a move that seals his grip on the international aviation insurance sector Warren Buffett has taken a 40 percent stake in leading aviation insurer Glob
  • Bermudian post 9/11 start-up Montpelier Re has tied up a $450mn funding arrangement to support its letter of credit needs.