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  • Weiss sentenced to 30 months
    Class action pioneer Mel Weiss has been sentenced to 30 months in prison, after pleading guilty to illegally paying clients to file claims.
    04 June 2008
  • SGC execs defrauded Markel/QBE for ‘secret profits’
    Markel International and QBE have emerged victorious from a UK High Court hearing after a judge ruled executives of Surety Guarantee Consultants Ltd (SGC) and a former Templeton Insurance director had conspired to defraud the insurers, obtaining...
    04 June 2008
  • Seaton and Stonewall drop objections to English court hearing
    The ongoing legal dispute between Randall & Quilter (R&Q) affiliate Cavell USA and private equity owned run-off insurers Seaton Insurance Co and Stonewall Insurance Co is set for an airing in the English courts this autumn.
    04 June 2008
  • McArthur leaves Capita
    Jerry McArthur is stepping down as chairman of Capita Commercial Insurance Services (CCIS), The Insurance Insider can reveal.
    03 June 2008
  • Energy insurer Torus set for 1 July start with First Reserve backing
    Energy and property start-up Torus Insurance is set for a 1 July launch with an A- (Excellent) AM Best rating and backing from First Reserve Corporation, The Insurance Insider understands.
    03 June 2008
  • RBS stock plummets as suitors dwindle
    The Royal Bank of Scotland's (RBS) share price plummeted as Ping An became the latest potential bidder to drop out of the auction for the bank's insurance operation.
    02 June 2008
  • Towergate profits up as Snowball steps down
    Towergate Partnership's pre-tax profits increased by 14.9 percent to more than £100mn in 2007 compared to the previous year, while deputy chairman Patrick Snowball has resigned from its board, the company announced.
    02 June 2008
  • Ex GoshawK chief leads $197mn Quanta buyout
    Failed Bermudian (re)insurer Quanta Capital Holdings is to be sold in a $197mn deal to Catalina Holdings (Bermuda), the run-off acquisition company headed by former GoshawK chief executive Chris Fagan.
    02 June 2008
  • Lloyd's insurers resist Franchise data demands
    Tensions are brewing between Lloyd’s underwriting supremo Rolf Tolle and at least two managing agents over demands for more performance management data as the market heads deeper into the soft cycle, The Insurance Insider has learnt.
    30 May 2008
  • Ironshore in talks with new Lloyd's insurer
    Former Quanta Syndicate among targets as Bermudian continues search for Lloyd's platform
    30 May 2008
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