April 2008/2

A US federal appeal judge has upheld the decision by Florida's insurance regulators to bar Allstate Corp from writing new business in the state.

US insurer Allstate Corp is likely to fall short of profit expectations when it reports its first quarter result later this month.

Despite failing to cut capacity significantly in the face of market softening, Lloyd's will not repeat past mistakes, according to industry legend, Maurice "Hank" Greenberg.

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.

The latest North Atlantic hurricane forecast from Colorado State University (CSU) shows an increased likelihood of an active season this year.

Brokers are again cutting back their workforces as the tough trading conditions squeeze their margins.

Reinsurers faced increased competition and a softening market at the recent 1/4 renewals, according to Willis Re.

Bermudian RenaissanceRe Holdings Ltd has bought US crop insurance managing general underwriter (MGA) Agro National.

American International Group (AIG) has renamed its Domestic Brokerage Group and appointed Kristian Moor as head, the insurance giant announced last week.

The chairman and CEO of General Re Corp, Joseph Brandon has resigned.

Guy Carpenter global Fac chief Mark Newman has resigned his post to head (re)insurer Catlin's Asia Pacific rim operations.