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  • Following the disclosure of his 25 percent tender offer for Omega at up to 83p per share, Mark Byrne said that he believed Canopius or any other rival bidder would struggle to get a 100 percent offer through at close to book value.
  • French reinsurer Scor is expecting to write EUR10bn in gross written premium by 2013, in part driven by increased opportunities for cross-selling between its property casualty and life portfolios, the company said at this year's Monte Carlo Rendez-Vous.
  • Today's announcement by Berkshire Hathaway of a second new investment manager has been read as a sign that it is closing in on the final execution of its succession plan for Warren Buffett.
  • Risk Management Solutions (RMS) has released an insured loss range of $2bn to $4.5bn for US wind and storm surge damage from Hurricane Irene, with an additional $0.5bn to $1bn for the damage it brought to the Caribbean.
  • Transatlantic Holdings' board has said it remains committed to its merger agreement with Allied World despite shareholder proxy firm ISS recommending that its shareholders vote down the deal
  • It is sometimes surprising how philosophical discussions can become, often at times when it is least expected. And so it was when an erudite crop of industry rainmakers gathered atop London's "Gherkin"
  • Severe flooding that hit Copenhagen in July is likely to cost reinsurers $800mn, as modest retentions again sees the industry taking the lion's share of losses, The Insurance Insider understands.
  • Despite the depredations of the economic recession and of historic catastrophe losses on companies' capital base in recent years, the London (re)insurance market appears to be in rude health.
  • UK general insurer MMA has appointed Anthony Collins as new head of Actuarial, with the specific task of focusing on Solvency II preparations.
  • Canopius has reiterated its commitment to acquiring Omega after rival bidder Haverford disclosed an 83p per share tender offer for up to 25 percent of the company, The Insurance Insider can reveal