April 2008/3

Three people have been confirmed dead and 40 are missing after Typhoon Neoguri slammed into southern China at the weekend.

The Financial Services Commission (FSC) of Gibraltar has appointed Michael Oliver as head of insurance.

FGIC Corp is trying to woo investors to back a proposed new AAA-rated bond insurance business as it looks at strategic options in an attempt to secure its future.

There is almost a 100 percent chance of a major earthquake in California within the next 30 years according to the latest findings from the US Geological Survey (USGS).

Bermudian (re)insurers wrote $115.8bn in gross premiums in 2007 up from $100.7bn in 2006 despite falling rates, according to The Bermuda Monetary Authority (BMA).

Lloyd's became the first admitted reinsurer in Brazil on 17 April despite doubts over whether the long-awaited deregulation would go ahead.

Analysts and investors will scour XL Capital's first quarter financials tomorrow for further guidance on the Bermudian's exposure to the sub-prime fallout, as well as the potential impact from the spate of large risk losses hitting the sector in the perio

Insurance Australia Group's (IAG) share price rocketed last week as the Australian insurer rebuffed a series of merger approaches from rival QBE Insurance with shareholders speculating that the firm is a prime candidate for takeover.

China Re has opened its latest office in Hong Kong just days after it opened a representative office in London.

US life reinsurer Reinsurance Group of America (RGA) reported a sixty percent drop in net income to $31.5mn, or $0.49 per diluted share for the first quarter of 2008, spurred by "poor claims experience" in the US and UK mortality markets.

UK motor insurance rates will have to increase by approximately 20 percent for the sector to return to profitability, according to UK financial services firm AA's recent Insurance Index.

The two former Marsh Inc executives who were found guilty in February of taking part in bid-rigging have been sentenced by a New York judge.