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  • Despite the demise of Kinnect, London’s back-office provider Xchanging is continuing to develop initiatives to help the market’s insurers reach the contract certainty targets agreed with the Financial Services Authority.
  • As first revealed by The Insurance Insider on 6 February, Lloyd’s has chosen the former head of the International Petroleum Exchange (IPE) Dr Richard Ward as its next chief executive following the departure of Nick Prettejohn at the end of last year.
  • Aigrain slams Bermuda start-up ; ARIG report record profit ; Hannover completes €100mn securitisation ; Trident II to sell Axis shares ; RFIB opens Dubai office ; Ariel recruits execs from rivals ; Lancashire reshuffles ; et al...
  • Hurricane-decimated Bermudian in talks to transfer ongoing business after downgrades. Embattled Bermudian reinsurer PXRE Group Ltd is pinning its hopes on Lloyd’s as part of a rescue plan that could see the group transfer its ongoing business to...
  • Andrew Askham, a colourful kidnap and ransom broker, is attempting a return into the London market The recent attempt by a colourful kidnap and ransom (K + R) broker to return to the London market has set alarm bells ringing on Lime Street.
  • London on target with contract certainty initiative ; G6 becomes magnificent seven ; HCC grows Lloyd’s presence with Heritage stake ; Managing the cycle key to Lloyd’s underwriters ; FSA cancels broker’s permission to trade ; et al...
  • Friedman, Billings, Ramsey Group Inc, the US investment bank which launched Quanta Capital Holdings Ltd in late 2003 before being embroiled in a controversy over the insurer’s demise, is in the throes of forming a new $220mn Bermudian headquartered...
  • Attendees at the ARC Congress were given a stark warning over asbestos liabilities by lawyer David Gross of US firm Saiber Schlesinger Satz & Goldstein. Giving a presentation entitled “Toujour Asbestos: Will we ever be free of it?” Gross gave the...
  • The last month has seen several developments in the protracted and increasingly acrimonious divorce proceedings between American International Group (AIG) and the company's former chief executive Maurice “Hank” Greenberg.
  • Supplementary benefits withdrawn for all but highest earners. Marsh UK is in the process of scrapping its final salary pension scheme for its staff and ceasing supplementary benefits for all but the highest earners, our sister title Insider Week...