November 2007/5

London-based electronic trading platform Ri3K is streamlining charges for its services in response to "market criticisms" over the firm's pricing structure.

American International Group (AIG) executives including CEO Martin Sullivan and CFO Steven Bensinger have been named in a suit filed by shareholders over the firm's handling of its exposure to the sub-prime crisis.

Jardine Lloyd Thompson (JLT) saw its share price climb almost ten percent in the last week following the firm's announcement of a share buyback programme.

Endurance Specialty Insurance Ltd was upgraded to A by AM Best last week, returning the Bermudian (re)insurer's ratings to their pre-Katrina level.

Non-life insurers should escape the global credit crunch but not contagion from a possible economic stagnation or recession, according to research from Morgan Stanley.

French reinsurer SCOR SA will add to its Atlas suite of cat bonds with the EUR160mn Atlas IV bond, which is due to close on 27 November.

Quoted Lloyd's insurer Novae Group plc is set to open a bloodstock account next year following the capture of a Brit Insurance underwriter.

Aon Re Global Fac is to launch a dedicated residual value insurance division.

The rules for Brazil's open reinsurance market are set to be published on 15 December, according to local sources.

Brit Insurance Holdings PLC has renewed its binding authority agreement with Augsburg Re.

For the second time this year wildfires have forced thousands of Californians to evacuate their homes.

Lloyd's insurers Beazley Group plc and Hiscox Ltd disclosed moderate share buybacks last week, continuing the trend in the (re)insurance sector for the repatriation of capital to shareholders.