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  • Lloyd’s has received a request for information about finite reinsurance from the Securities and Exchange Commission and the office of New York attorney general Eliot Spitzer, it emerged today.
  • Clive Washbourn, Beazley Group's head of marine, is to lead the London Marine Market Committee on hull war risk issues.
  • “Class of 2005” start-up Flagstone Reinsurance Holdings Ltd reported Q2 profits hit by $31mn losses from the UK floods in June and $23.5mn from the Australian storm and flooding.
  • Bermudian post 9/11 start-up Montpelier Re has tied up a $450mn funding arrangement to support its letter of credit needs.
  • Marsh Inc has announced the creation of Marsh Oman LLC, a joint venture with the Omani business Zubair Group.
  • The former darling of the city is looking lonely after under-reserving When even the house broker is forced to reduce its recommendation to a neutral, you know you are in trouble. Michael Bright, the outgoing chief executive of Independent Insurance P
  • WTC leaseholder Silverstein Properties and insurers led by reinsurance giant Swiss Re are litigating over which contractual wordings the various parties used in placing the building’s insurance cover.
  • With a focus on capital management, this publication examines the dynamics and trends impacting the (re)insurance industry's balance sheet, as the sector strives to find the delicate balance between efficient use of capital and share buybacks and maintaining a buffer for challenges ahead...
  • Swiss reinsurer Converium Holdings posted a 58 percent half-year increase in its net income of $197mn in its final results after being acquired by SCOR Group earlier this year.
  • Former American International Group (AIG) executive Christian Milton was handed down a four-year custodial sentence and given a $200,000 fine for his role in the $500mn finite reinsurance fraud involving AIG and Berkshire Hathaway-owned reinsurer General Re.