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  • UK insurer R&SA has settled with Wilmington Trust, one of the three plaintiffs in the ongoing Student Finance Corporation litigation.
  • US private equity house Hellman & Friedman LLC has withdrawn from the planned acquisition of Zurich Financial Services’ US auto arm Universal Underwriters following the discovery of regulatory irregularities.
  • Lloyd's chairmen to leave early? With the Lloyd’s chairman taking a month-long honeymoon in New Zealand, there are plans at foot to replace him by the Summer.
  • The advisors to a controversial scheme of arrangement have withdrawn their appeal leaving an untidy High Court decision apparently at odds with legal developments. When the proposed British Aviation Insurance Company (BAIC) scheme of arrangement...
  • Bermuda-based (re)insurer White Mountains Insurance Group Ltd revealed last week that the Massachusetts attorney general is investigating one of its units.
  • Unsurprisingly, syndicates specialising in aviation and property excess of loss have demonstrated the worst deterioration in forecasted results since the 11 September attacks, according to research by Leadenhall Insurance Consultants.
  • UK insurer Brit has today (30 January) seen its stock climb back up to the 94p 52-week high it hit on 6 January this year. The company’s share price had fallen away by 7p to 87p by 25 January, but has...
  • Lloyd’s is being sued for allegedly underwriting ships used in the slave trade, it emerged today.
  • Bermudian (re)insurer XL Capital has said that its $500mn quota-share sidecar initiative will be called Cyrus Re and remains on track, having obtained its Bermuda Monetary Licence. XL president and CEO Brian O’Hara confirmed that the hedge fund...
  • Bermudian (re)insurer AXIS Capital last Thursday (8 December) announced a quarterly dividend of $0.15 a share, payable 17 January 2006.