May 2008/4

Aon Re Global has named Jan-Oliver Thofern as the new head of its German reinsurance arm, Aon Ruck.

French reinsurer SCOR has announced details and the launch of its London "hub".

US insurer The Travelers Cos Inc has said that a "fine tuning" of its projected investment income should see operating earnings at the lower end of previous forecasts this year.

Bermudian-headquartered reinsurer PartnerRe Ltd is to issue $250mn in a bid to repay debt.

Shrugging off a number of downbeat trading statements from rival Lloyd's insurers, Omega Insurance Holdings Ltd said last week that it is confident about its 2008 performance following a strong quarter.

Lloyd's insurer Heritage Underwriting Agency plc, which was acquired by Bermudian Argo International Group earlier this year, has maintained its previous forecasts on its Lloyd's syndicates.

The UK's Financial Services Authority (FSA) may call time on its "light touch" after reviewing its position following fall-out from the credit market turmoil.

The recent devastating earthquake in China's Sichuan province will cost the country's insurers a mere $43mn, according to the China Insurance Regulatory Commission (CIRC).

Members of Lloyd's voted overwhelmingly in favour of the proposed amendments to the Act governing the market.

The investigation of American International Group's (AIG) former chairman and CEO Hank Greenberg over his alleged role in the controversial finite reinsurance transaction that was used to boost the firm's earnings also includes a second deal, according to

A Florida pension fund is suing American International Group (AIG) accusing it of making misleading statements about the company's finances.

Moody's downgraded the debt ratings of American International Group (AIG) last week despite the insurance giant completing a $20bn capital raising exercise.