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  • Run-off services provider CMGL has announced the appointment of Jonathon Piper as its chief actuary. Piper joins CMGL from run-off management company KMS, where he has spent 12 years, most recently as senior actuary. He began his career at Victory...
  • The WTC litigation took another turn earlier this month. Silverstein Properties Inc, The Port Authority and Westfield have filed two new complaints alleging the original trial judge failed to take into account a “mountain of evidence” in an earlier ruling
  • General Re has been ordered to produce records of its internal investigations in the criminal trial of four of its former executives that is due to begin in Connecticut on 7 January.
  • US insurer WR Berkley Corp reported full-year net income of $545mn, or $4.08 per share, a 24 percent increase from $438mn, or $3.31 cents per share, for 2004. Results for the final quarter of 2005 were even more impressive, with a...
  • Hannover Re is continuing to target growth in its life reinsurance business and expects to seal the acquisition of at least three new portfolios by the end of the year.
  • Three Japanese insurers will receive large cash settlements from Deloitte & Touche LLP because of the company’s auditing role in the collapse of controversial US aviation reinsurance company Fortress Re.
  • German insurer Allianz AG almost doubled profits last year, it announced on 16 March. Net income for 2005 was up to EUR4.38bn, a 93 percent rise from the previous year’s EUR2.66bn. Total revenues rose by 4.2 percent from EUR96.9bn in 2004 to...
  • Lloyd’s listed insurer Amlin received a boost last Thursday (17 May) as Moody’s upgraded its financial strength rating on Syndicate 2001 from A2 to A1.
  • Marsh's managing agency brings in new flesh; Chaucer brings in new managing agent FD; Holman's recruits for new MD role
  • Cavell USA, an affiliate company of UK quoted run-off group Randall & Quilter, and its founder Ken Randall were awarded $1mn and £150,000 in interim damages last month in their dispute with two legacy insurance companies connected to its rival the Bermuda