September 2009/3

Lloyd's insurer Amlin is set to become a partner to the Heineken Cup and the European Challenge Cup...

Markel announces $350mn debt offering; QBE acquires Cigna portfolio; JLT partners with Beazley on E&O programme...

Scottish judge Lord Glennie's comments on the fundamental issue of fairness effectively halted the Scottish Lion solvent scheme of arrangement and could block progress on schemes currently in the pipeline.

The industry is effectively two-thirds of the way though the worst of the North Atlantic hurricane season, provoking a leading (re)insurance analyst to suggest the prospect of better-than-expected earnings this year.

Lord Peter Levene, chairman of Lloyd's, has lambasted those who question whether the competitiveness of the City should take precedence in the UK, insisting it is "an absolute priority".

The Lloyd's second syndicate capacity auction took place last week, with average prices up once again on last year.

After Lloyd's (re)insurers submitted their 2010 business plans to the franchise department last week, the 300 year-old market will begin next year at its largest ever size in terms of capacity.

Ratings agency Fitch has changed its outlook on Novae Group's UK FSA-authorised insurance subsidiary, Novae Insurance Company Ltd (NICL), from stable to negative.

Warren Buffett passed on the chance to buy a "very large" property and casualty (P&C) operation valued at some $25bn from American International Group (AIG), just as the financial crisis was breaking this time last year.

Marsh has acquired International Advisory Services (IAS) - Bermuda's largest independent manager of captive and third party insurance companies - adding over 150 captives to its portfolio.

Shipley to head Equitas; Torus builds out construction team; Housley leaves Axis; WR Berkley establishes oil and gas specialty unit; Marsh extends Duperreault contract

The seventh and final executive convicted over a fraudulent $500mn reinsurance deal that misled investors about American International Group (AIG)’s financial health has been sentenced to two years probation and fined $10,000.