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  • Flagstone (Bermuda) Holdings Ltd has agreed to buy out the remaining shares in its parent Flagstone Reinsurance Holdings owned by companies associated with founding former chairman Mark Byrne for $91.9mn.
  • Insurers will benefit from a bounce in the US and global economies next year as quantitative easing programmes continue to fuel demand, according to predictions from Swiss Re.
  • Catlin Re Switzerland has received approval from the Swiss Financial Market Supervisory Authority to operate as a reinsurance company.
  • Statutory Q3 reserve release data filed by Berkshire Hathaway suggests it will be unable to maintain its earnings due to over-reliance on prior-year reserve releases, according to Stifel Nicolaus analyst Meyer Shields.
  • Lloyd's insurers Canopius and Hiscox will be forced to face the music if attempts to recover a $1.9mn antique violin stolen in London on Monday (6 December) are unsuccessful, The Insurance Insider has learned.
  • Former Lloyd's franchise performance director Rolf Tolle has joined the board of Beazley plc, just under five months after joining the board of Beazley Group's Lloyds managing agency Beazley Furlonge
  • Price softening in the US P&C sector appeared to speed up in November with a composite rate of minus five percent against the prior-year period, according to the latest data from MarketScout.
  • Tokio Marine Europe Insurance (TMEI) received permission from a UK court last week to call a creditors' meeting for its proposed solvent scheme of arrangement.
  • Gallagher buys Premier Risk Services; Bermuda to chair IAIS subcommittee; Chubb appoints Katerina Kikillou as London claims manager
  • The US Supreme Court will not review a ruling that allows Chubb Indemnity Insurance Co to seek damages for asbestos injury claims from The Travelers Indemnity Co.