April 2008/1

Berkshire Hathaway has bought one million shares in German giant Munich Re in the last six months, according to reports.

The head of Lloyd’s China, Ian Faragher is to step down after two years in the role, The Insurance Insider can reveal.

Sagicor Financial Corporation (SFC) – which acquired Lloyd’s insurer Gerling at Lloyd’s and its Syndicate 1206 last September – has announced an increase in net income to over $100mn in 2007.

Latest sat loss adds upward rate pressure;

Alea Group CFO and COO, Kirk Lusk, has resigned from the Bermudian-headquartered run-off company.

Despite reports that run-off unit Minster is up for sale, JP Morgan is unlikely to dispose of the portfolio if its acquisition of Bear Stearns goes ahead, according to an advisor close to the deal.

Our monthly column keeping a check on recent US and EU legislative and regulatory developments, in association with Sidley Austin LLP

US giant American International Group (AIG) has confirmed a $13.5mn settlement payout with the Pennsylvania Insurance Department.

Shares in Heritage Underwriting Agency plc surged to a record high at the beginning of the month after its board recommended a 154p a share cash offer from Argo Group International Holdings Ltd that is set...

Japanese renewals unpredictable following losses; ACE to make Swiss move; Junipurus start-up builds underwriting team; Mapfre appliesfor Brazilian licence; S&P warns on Swiss Re’s missing business...

Creditors of OIC Run-Off Ltd (OIC) and The London and Overseas Insurance Company Ltd (L&O) will receive an increased payout of 48 percent, the joint scheme administrator has announced.

Berkshire Hathaway Inc has taken on two of White Mountains Insurance Group Ltd’s run-off units as part of the $836mn that divests it of its stake in the insurer.