May 2008/4

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

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.

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.

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

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).

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 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

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

On the eve of the official start to the 2008 North Atlantic hurricane season, the US National Oceanic and Atmospheric Administration has echoed other experts in predicting a heavy year.

Andreas Loucaides has resigned from Catlin Insurance Company UK Ltd after four years as its CEO.

Jardine Lloyd Thompson (JLT) looks set to continue its strategy of bolt on acquisitions after it emerged that the firm is in advanced talks to buy the London market (re)insurance broker Harman Wicks & Swayne (HWS).

The Texas Windstorm Insurance Association (TWIA) is set to buy $1.5bn in reinsurance cover with this year's North Atlantic hurricane season only days from its official start.