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  • AM Best placed its A+ financial strength rating of reinsurance giant Munich Re under review with negative implications citing the company’s recent admission that it may again need to bolster the reserves in its US arm, American Re.
  • Amlin has walked away from its proposed bid for fellow Lloyd’s vehicle Chaucer.
  • Recent comments from senior US politicians point to an extension of the federal backstop established under the Terrorism Risk Insurance Act, or TRIA – but only in the short-term.
  • Hank Greenberg, the ousted chief executive of insurance giant American International Group, said he will meet soon with US regulators to discuss their investigations into the insurance giant.
  • Despite a hearing headed by the Pennsylvania insurance commissioner, Diane Koken, last week, ACE Ltd is no closer to knowing whether the proposed controversial sale of three asbestos-riddled subsidiaries...
  • Amlin has walked away from its proposed bid for fellow Lloyd’s vehicle Chaucer.
  • Lloyd’s is parting company with two senior executives as part of a restructuring that will see the Corporation move further away from a regulatory emphasis to one of operational risk management.
  • Barbados headquartered Imagine Group confirmed last week that its president and founding chief executive Brad Huntington had stepped down from the organisation.
  • David Spiller has resigned from his position as CEO of Benfield Group’s International Division, the company announced in a statement to the London Stock Exchange last Thursday (7 July).
  • Nigel Barton’s greenfield insurance intermediary Oxygen Insurance Brokers has signed up its first heavyweight London market broking teams.