May 2008/4

Canopius Group Ltd founding chairman Michael Watson said the group is no longer searching for potential buyers, following the publication of its "record results" for 2007 last week.

Swiss Re has received a licence to become an admitted reinsurer for the newly de-regulated Brazilian market from the country's regulator.

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

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.

There are thought to be around six to seven serious bidders in the running for Royal Bank of Scotland's insurance operations (RBSI) as the deadline for the first round of bids closes tomorrow.

Yesterday's leadership change is set to be the first of a raft of measures at Insurance Australia Group Ltd (IAG) as the beleaguered insurer looks to restore investor confidence in its future as an independent entity.