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March 2008/2

  • Lloyd's brokers and underwriters will once again be allowed to invest and own each other if proposals to amend the Act governing the market are ratified later this year.
  • Rod Fox has teamed up with his former EW Blanch colleague Ted Blanch to launch a "private boutique" reinsurance broker to compete on large account business with Benfield, Guy Carpenter and Aon.
  • Investors looking beyond capital repatriation for share price momentum when 2007 results are published
  • Former RenaissanceRe executive Michael Cash is planning a return to the market with the launch of a new, unrated reinsurance vehicle, Juniperus Partners.
  • Lloyd's insurer looks poised to become the next overseas acquisition with new interest from Bermudian predators
  • Brokers are becoming embroiled in the West’s growing scrutiny over overseas business standards
  • New York state governor and former attorney general Eliot Spitzer has been caught arranging to meet a high-priced prostitute at a Washington hotel last month, according to reports from the New York Times.
  • Berkshire Hathaway Inc has exited its 16.3 percent stake in White Mountains Insurance Group Ltd in a deal that sees the Bermudian insurer pay $751mn in cash and transfer two of its run-off units to the investment giant.
  • Shares in Australian (re)insurer QBE Group slumped after the company missed analyst profit estimates for 2007, raising questions over its rapid expansion strategy.
  • Full-year results from early reporting Lloyd's insurers yielded bumper profits that were tempered by soft market warnings and cycle management strategies.
  • UK takaful start-up finally poised for launch; Amlin: Holt will return; S&P boosts Novae over mooted legacy spin-off; Omega maintains profit record; Marine in Aon job cuts spotlight...
  • Buffett goes long on derivatives; Fairfax profits from credit bets; DIFC extends international attractions; AM Best stable on reinsurance; IRS captives tax u-turn...