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  • St Paul Travelers was on the receiving end of a favourable court decision last Monday (7 September) as a Pennsylvania district court upheld a previous arbitration award granted to the US insurer, and effectively dismissed a lawsuit brought by bankrupt ins
  • Profits for the first nine months of 2005 were up to £378mn at Royal & Sun Alliance (R&SA), a rise of £370mn from the same period last year. The figures included a boost of £126mn from changes to a UK pension scheme and were backed up by an...
  • Lap dancing group Spearmint Rhino is in dispute with German insurer Allianz for non payment of claims, Insider Week has learned, with legal teams representing both companies appearing in London’s Royal Courts of Justice last week to agree a timetable for
  • Last week was another hive of activity at fast growing (re)insurance group White Mountains as it was revealed that investment giant Berkshire Hathaway had taken a 16 percent stake, while subsidiaries Folksamerica and recently acquired Sirius were subject
  • Estimates for the forecast results of Lloyd’s syndicates in the 10th quarter of the 2000 underwriting year have shown few significant deviations from expected results. Only 12 out of 130 results have shown any increase over estimates on the 9th quarter, b
  • Political posturing over proposals for a compensation fund for asbestos victims stepped up last week as reprised negotiations between Senators Tom Daschle and Bill Frist renewed hopes that a solution may be in the pipeline.
  • Environmental services company EnPro Industries has announced a $118mn “comprehensive agreement” with Lloyd’s reinsurer-of-last-resort Equitas in relation to its asbestos exposures.
  • Andrew Gammell, the co-founder of troubled insurer GoshawK stepped down from the board of its quoted parent GoshawK Insurance Holdings plc last week.
  • Besieged Swiss reinsurer Converium revealed on 4 November that Group CFO Martin Kauer had handed in his resignation and would be leaving the company in early 2005.
  • Fast growing White Mountains announced last Wednesday (30 June) that Warren Buffett’s investment giant Berkshire Hathaway had completed its previously announced exercise of warrants to buy common shares in the (re)insurance group.