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  • As the industry begins to question the reliability of catastrophe loss modellers in the wake of Hurricane Katrina’s devastation, there is still great variation on the estimates of the losses.
  • Canopius announced the recruitment of Mike Duffy and Alex Shepherd on October 6. The new recruits will underwrite global property insurance for the Lloyd’s insurer, although there will be a particular focus to the US market.
  • Specialist Lloyd’s underwriter Marketform has made a commitment to a cleaner environment and carbon neutrality by joining ECX Associate Membership Ltd. ECX, which is chaired by former Brit Insurance chief executive Neil Eckert, provides advice to compa
  • Aon UK confirmed last week that it is to follow rival MMC in reducing its headcount with a major restructuring of its Risk Services and Specialty divisions. As revealed by Insider Week on 26 September, the broker is to place its employees into...
  • It is an anniversary which many in the industry would be keen to forget. But on Friday 14 October, it will be one year on since the New York attorney general Eliot Spitzer rocked the insurance world with his stunning allegations against MMC.
  • Bermudian reinsurer Quanta, and Lloyd’s vehicles Kiln and Watkins Syndicate 457 are among the first in what is likely to be a growing list of (re)insurers withdrawing from selected lines of business for at least part of the remainder of 2005.
  • Supporters of solvent schemes of arrangement have received a series of welcome boosts following July’s High Court refusal to approve the British Aviation Insurance Company (BAIC) scheme, citing concerns that some policyholders were not being given...
  • Giant insurer American International Group (AIG) has upped the ante in its increasingly acrimonious dispute with former chief executive Maurice "Hank" Greenberg, by taking legal action in an effort to seize $20bn of its own shares from his control...
  • But legacy of past errors weighs on project’s future Former Cox CEO Michael Dawson has made his presence felt as acting chairman of Kinnect almost immediately, releasing a missive to the market on 4 October in which he lays out a new vision for the...
  • MMC’s London based wholesale arm Price Forbes is in advanced management buy-out talks, The Insurance Insider can reveal. The move follows New York attorney general Eliot Spitzer’s investigations into the industry which have led to MMC’s rivals Aon...