February 2008/3

Lloyd's (re)insurer Beazley Group has set up a new division focusing on political and contingency risks.

Analysts continue to focus on uncertainty surrounding Bermudian giant XL Capital as the troubled (re)insurer reported fourth quarter earnings in line with last month's sub-prime loss fuelled profits warning.

UK regulator the Financial Services Authority (FSA) has published its 2008/9 business plan, with a focus on "heightened supervisory oversight" in areas such as firms' liquidity, adequacy of stress testing and "general operational preparedness for unexpect

Veteran Bermudian reinsurer RenaissanceRe is to launch its first cat bond to provide US all natural perils cover.