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  • Unlike many of its peers, Sirius’ woes are not of its own making. Instead the Scandinavian insurer has been downgraded because of the sins of its parent, the struggling power and automation technology giant, ABB Group.
  • The scope of blame over HIH widened last week as lawyers for the Australian Royal Commission began their summing up into the insurer's collapse, outlining more than 1,000 alleged breaches of the law. Senior HIH executives face possible criminal charges
  • Specialist investment banking group Numis Securities has been removed from the Register of Sponsors of Lloyd's Capacity offers for two years following proceedings bought against it by the Society.
  • This month’s announcement from Travelers Property Casualty met with a largely positive response from Wall Street, insurance analysts and ratings agencies.
  • For the first time in over a decade, private capital has increased its underwriting participation at Lloyd's - over-turning a trend which a few years ago appeared terminal.
  • The WTC dispute ignites again as Swiss Re strives to prevent Silverstein from appealing pro-insurer decision In a strongly worded response to Silverstein's attempts to appeal the New York Court's decision to deny summary judgment against Travelers Ind
  • GE’s Employers Re – unloved and up for sale “ERC does not fit GE’s business model” said General Electric chairman and chief executive Jeff Immelt on 21 November as he revealed its reinsurer would cost the company another $2bn.
  • Speculation is mounting that a small Lloyd's vehicle could be the next for expansion beyond the confines of Lloyd's. Reports suggest that Creechurch Underwriting, the integrated Lloyd's vehicle, has plans to expand out of the Lloyd’s market, including
  • The UK broking operations of South African insurance group Glenrand MIB are to be bought-out by its UK management, led by chairman Andrew Wallas and chief executive Mark Pattle.
  • Speculation over location of IPO ends with the surprise choice of London Benfield, one of the London market's leading brokers, surprised observers at the end of last month by revealing it was to choose London over New York for the location of its long