June 2006/5

Electronic reinsurance trading platform RI3K has cut its prices by 80 percent in a move it described as "effectively sponsored" by Aon.

Aon UK announced last Thursday (22 June) that it will soon have the ability to trade electronically across all its London market lines of business.

World Trade Center (WTC) developer Larry Silverstein and site owner the Port Authority of New York and Jersey today (26 June) sued Swiss Re-led insurers...

European reinsurers enjoyed a "solid start" in the first quarter of 2006, underlined by underwriting profits, stronger capitalisation and stable ratings, according to a report from reinsurance broker Benfield.

Berkshire Hathaway chairman and chief executive Warren Buffett has revealed his plans to give away a large part of his personal wealth to charity.

Bermudian (re)insurer Allied World Assurance Company (AWAC) has revealed that it is under investigation by the Texas attorney general for restraint of trade and other business practices.

UK-listed Jardine Lloyd Thompson Group plc (JLT) announced last week that it has successfully completed the first stage of its peer-to-peer electronic trading with the G6 group of insurers.

US domiciled reinsurer OdysseyRe has launched a new £25mn capitalised UK insurance company that will focus on writing casualty lines.

Quoted Lloyd's insurer Hardy has announced that it will form a new non-marine syndicate for 2007, which will be led by Clal Insurance Syndicate 1301 underwriter Patrick Gage.

Lloyd's insurer Kiln plc is planning to expand its 2007 capacity to over £1bn - making it one of the largest Lloyd's insurers by stamp.

The Lloyd's Market Association (LMA) has appointed David Powell as motor manager, replacing the retiring Roger Jones.

UK-listed (re)insurer Chaucer Holdings plc has announced a £40mn increase in capacity for next year.