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  • Names action group joins queue to sue directors of HIH-owned Lloyd's insurer Litigation embroiling now-defunct corporate vehicle Cotesworth Capital continues to snowball, with a claim being served earlier this month against former directors, auditors a
  • The departure of a group of senior executives from the property division of Heritage Underwriting Agency plc will be seen as a major blow to Argonaut Group International Holdings, which bought the Lloyd’s insurer earlier this year.
  • The Connecticut attorney general Richard Blumenthal vowed to launch a series of legal actions over alleged insurance industry abuses when he filed a lawsuit against Marsh and ACE Ltd last week.
  • CSFB’s professional liability insurers do not need to reimburse the bank over its $100mn settlement with the Securities and Exchange Commission, a US State Supreme Court ruled last week.
  • Elizabeth Monrad, the former chief financial officer of General Re, has as resigned her role as CFO at New York-based financial services organisation TIAA-CREF. After receiving a Wells Notice on May 10 Monrad took a leave of absence in May “to...
  • CNA has settled a lawsuit against five of its former executives who it accused of breaching confidentiality agreements and stealing trade secrets when they left to join rival Bermuda start-up Quanta Capital.
  • Putnam Investments, stable mate of Marsh under the wing of Marsh & McLennan Companies, and a recent subject of the regulators’ scrutiny, saw outflows from its assets under management (AUM) stabilise in October and November as it began to recover the confi
  • Swiss Re has launched its EUR329mn European Clean Energy Fund to invest in environmentally friendly projects.
  • Converium has reeled out key business partners in its public campaign to shareholders as it continues to fend off advances from rival SCOR with a warning that a tie-up could mean the loss of up to $800mn in premium income.
  • The Bermuda Monetary Authority (BMA), the island's financial regulator, has appointed a new chief executive to begin in July, the body said last week.