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  • Accounting firm Deloitte has reached a $149mn settlement with Parmalat over lawsuits accusing it of contributing to the dairy company’s 2003 collapse.
  • Despite growing concerns that US property & casualty rates are tailing off, Swiss Re senior economist Thomas Holzheu predicted last week that rates will continue to remain firm while profits remain hampered by poor investment returns and reserving issues.
  • Lloyd’s Kinnect went live last week, with Willis taking inaugural honours to pass the first risk through the platform. The platform, which is funded by Lloyd's, enables brokers and underwriters to exchange data electronically.
  • After a miserable year-to-date for industrial and weather-related losses, (re)insurers’ worst fears following US Midwest flooding in June at least appear misplaced.
  • Marsh, Willis and JLT continue to grow healthy brokerage revenues… Despite growing evidence that non-casualty pricing levels have plateaued, strong half-year results from Marsh, Willis and JLT show brokerage revenues continuing to grow.
  • Connecticut based insurer WR Berkley filed last Friday to sell up to $750mn in debt securities, common and preferred stock and other securities.
  • Litigation epic bears bitter sweet fruit for leaseholder with potential $1bn gain The jury in the second round of WTC insurance litigation has delivered its verdict in favour of the building's leaseholder Larry Silverstein. The decision, which the j
  • The past month has seen the first serious indications that business may be beginning to desert broker Marsh for its rivals. At the start of February, the broker admitted that Britain's second largest listed insurance company Prudential plc had migrated
  • The National Association of Insurance Commissioners will host a public hearing later this week to consider comments on its proposals to toughen up brokers’ disclosure requirements on commissions.
  • MMC Capital's chief executive Charles Davis is to lead a management buy-out of the private equity firm from its parent, the broking giant Marsh & McLennan Companies.