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  • 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.
  • Validus Re will take a decision shortly on whether to renew its $200mn energy sidecar Petrel Re but says it looks likely to continue with the facility.
  • Berkshire Hathaway-owned reinsurer General Re (Gen Re) is to pay out $72mn to settle a claim brought by Ohio Attorney General Richard Cordray and three Ohio pension funds in relation to its role in the notorious $500mn fraudulent finite reinsurance transa
  • Senior Willis executives continued to sell their stock in the New York Stock Exchange listed broker, last week.
  • New impetus needed as Willis fails to match competitors’ growth The world’s third largest insurance broker Willis Group is preparing a summer shake-up that may result in a strategic tie-up with a US financial services group. As part of the move, they p
  • UK general insurer Royal & Sun Alliance (R&SA) has appointed Paul Donaldson as managing director of its broker division following the departure of Brendon McManus to Willis.
  • Ex-Heath Lambert executive Hugh Champion has taken up his new post as director of rival broker RFIB Group Ltd, after leaving the up-for-sale broker last year.
  • Insurable damages from Typhoon Kompasu could range from $500mn to $2bn in South Korea, according to modelling firm Eqecat.
  • But Lloyd's based agency fights back after R+V withdraws facility... The Lloyd's based managing agency Risk headed by Jean-Claude Chalhoub fought back against its former backer R+V after the German reinsurer withdrew its support last month and filed le
  • UK regulator, the Financial Services Authority (FSA), has banned David King, the president of the unauthorised insurer CIC, from working in regulated companies for life.