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  • Zurich Financial Services (ZFS) has confirmed the sale of the UK branch of Turegum Insurance Company to Harper Holdings, a wholly-owned subsidiary of Castlewood Holdings Limited.
  • Rating agency AM Best has affirmed the "A" (Excellent) financial strength rating of Aspen Re and assigned an issuer credit rating (ICR) of “a” to the company. In addition, AM Best affirmed the “bbb” ICR of Aspen Re parent, Aspen Insurance Holdings, along
  • Lloyd’s insurer Beazley announced a £105mn Rights Issue today (1 November) with the lion’s share directed to support the additional risk-based capital requirement fuelled by its increased participation on its Lloyd’s Syndicates for the 2005 year.
  • Freshfields audit takes a new twist after senior UK broker suspended for allegedly receiving unauthorised commissions
  • Lloyd's insurer Kiln has reversed plans to withdraw its full participation on property catastrophe reinsurance Syndicate 557 following negotiations with Members' Agents. The Syndicate, which is de-empting for 2005 by nine percent on its 2004 stamp capa
  • Evidence suggests the cumulative effect of the US storms may reach $30bn Foresight is something the global reinsurance industry would love to possess but, in the absence of catastrophe astrologers, it has to rely on more conventional methods, such as c
  • The re-election of George Bush in this month's presidential elections will give added impetus to efforts to extend the Terrorism Risk Insurance Act (TRIA) in 2005, according to Charles Landgraf, a leading lobbyist for TRIA extension with law firm LeBoeuf,
  • Earlier this month, Florida's attorney general Charlie Crist became the latest US regulator to open an investigation into alleged bid-rigging and insurance commission arrangements. Crist's office said that he had subpoenaed 10 insurance brokers: MMC,
  • Independent broker BMS International Intermediaries Ltd revealed last month that it had bolstered their marine reinsurance operations with the capture of a four-strong team from Arthur J Gallagher UK Ltd.
  • Rating agency AM Best has affirmed the “A-” (Excellent) financial strength rating of Olympus Re, and removed the rating from under review. In addition it assigned an issuer credit rating of "a-" to the (re)insurer, assigning both ratings a stable outlook.