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  • The collapse of Miles Smith Miles Smith, with its business specialities of professional liability, construction, professional indemnity and marine hull and machinery, was never a top-flight Lloyd’s broker. Its rather down at heel location just off Old
  • UK regulator the Financial Services Authority (FSA) fined Berkshire Hathaway subsidiary General Reinsurance UK £1.225mn last week for arranging two improper reinsurance transactions.
  • The European Parliament has approved the reinsurance directive which paves the way for a regulatory level playing field for companies operating in Europe.
  • The “for sale” sign hoisted above GoshawK has been taken down, as the insurer revealed it has concluded the strategic review which began in July.
  • Chaucer Insurance Holdings plc is in talks to launch a new Lloyd’s syndicate with the former QBE Limit underwriter, Mark Harrington.
  • Ratings agency Standard & Poor's (S&P) has revised its outlook on leading Russian commercial underwriter Ingosstrakh Insurance Co to positive from stable, following improved risk in its investment portfolio. The company has also had its “BB” long-term...
  • There was more insurance industry courtroom drama last week with a mammoth case management conference for the film finance litigation.
  • Bermudian (re)insurer Endurance grew its reinsurance business significantly in the first quarter, reporting a 36 percent increase in gross written premium (GWP) relative to Q1 2009.
  • Warren Buffett, as he celebrates his 80th birthday, has signalled his intention to treat himself to the remaining 19.9 percent of Wesco in a deal that could cost Berkshire Hathaway $500mn.
  • Willis Group Holdings has announced two senior appointments as part of an overhaul of its reinsurance arm, Willis Re.