March 2008/5

US reinsurer OdysseyRe, which is owned by Canadian conglomerate Fairfax Financial Holdings, has doubled its share buyback programme to $400mn.

Major brokers Marsh and Willis Group Holdings are opening offices in the Middle East as the region continues to attract interest from the industry.

Aon has criticised the "absurdly late" release of reinsurance tariffs for the P&I (protection & indemnity) clubs, called for full transparency of how shipowners' premiums are allocated and questioned...

French insurance giant AXA's UK subsidiary has taken formal control of broker SBJ Group after getting the green light from shareholders and UK regulator the Financial Services Authority.

Leading insurance linked securities (ILS) investor and co-founder of Fermat Capital Management John Seo has warned that a "reputational storm is definitely brewing" over the sector, over the lack of transparency, disclosure and...

JPMorgan Chase & Co came back in with a significantly higher $10 a share offer for beleaguered rival Bear Stearns yesterday in a package that will also leave it more exposed to potential losses from the investment bank.