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  • The Mineral Management Service (MMS) has said that the damage in the Gulf of Mexico caused by hurricanes Katrina and Rita could be worse than previously believed.
  • Specialist Lloyd’s liability insurer, Illium syndicate 4040 is set to launch a dedicated underwriting operation in the North of England.
  • A strong 2004 for Texas-based HCC Insurance Holdings saw its profits from ongoing operations grow by 45 percent from $106.9mn, or $1.66 a share, to $159.0mn, or $2.41 a share, with overall net earnings increasing from $143.6mn, or $2.23 a share, to $163.0
  • Insurance specialists DLA and Piper Rudnick are to merge, creating the third largest legal services provider in the world, based on the number of lawyers, and the second largest based on revenue, according to the latest AmLaw Global 100 rankings.
  • New York’s Superintendent of insurance, Greg Serio, revealed that his department has issued citations to MMC, Marsh Global Broking – Marsh’s market facing unit which arrangement Placement Service Agreements with insurers – and more than ten Marsh subsidia
  • Despite the hurricanes and regulatory investigations of the past year, ratings agency Standard & Poor's (S&P) said last week that it will maintain its stable outlook on the global reinsurance industry. It added, however, that there was a possibility of
  • As toxic mold, leaded paint and other liability nasties vie for the crown of “the next asbestos”, a new challenger has entered the fray – toxic-chemical exposure in the high tech electronics industry.
  • The SEC has launched a formal investigation into the much-vaunted IPO of China Life, China’s largest life insurance company.
  • French reinsurer SCOR has reported a 61 percent rise in its first quarter income to EUR53mn from EUR33mn in the prior-year period.
  • Run-off specialist Helix UK Ltd has been appointed to administer the London Market portfolio of Legion Insurance Company, the programme manager and insurer which collapsed last year following the demise of its parent Mutual Risk Management.