May 2007/1

Chubb Corp is providing itself with $750mn of US windstorm protection over four years with the launch of the East Lane Re cat bonds.

Warren Buffett has signalled his intention to undertake a large acquisition, saying that Berkshire Hathaway Inc (Berkshire) has more cash than investment opportunities.

French reinsurer SCOR will open its public offer for Converium shares on 29 May in its protracted effort to takeover the Swiss-headquartered company.

Despite announcing a $500mn share buyback programme, shares in Marsh and Guy Carpenter parent Marsh & McLennan Companies, Inc, (MMC) were down in early trading today on the back of a sluggish set of first quarter results.

The heads of Guy Carpenter’s facultative reinsurance broking division GCFac who defected to rival Integro Ltd in April are set for an acrimonious legal dispute after their former employer filed lawsuits against them last week.