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  • The soft market isn't ending but Solvency II and high frequency cat losses are spurring reinsurance demand in advance of the 1 January renewals...
  • Taiwanese-listed bancassurer Fubon Financial Holdings has emerged as a potential bidder for AIG's Taiwanese life insurer Nan Shan, according to reports from local media and Bloomberg.
  • Bermudian reinsurer Aspen Insurance Holdings has picked up the pace of share buybacks through a $184mn share repurchase programme with Barclays Capital.
  • Lloyd's (re)insurer Novae has increased gross written premium by 54 percent to £473mn for the first nine months of the year, as it continues its strategic reorientation.
  • Randall & Quilter (R&Q) has started underwriting through its first two managing general agents after receiving regulatory approval for the launch.
  • Allianz Group's property and casualty (P&C) business lifted third-quarter operating profit 8.8 percent year-on-year to EUR1.1bn, on higher investment income and improved underwriting results.
  • Hannover Re has increased its full-year earnings forecast after profits grow 66 percent to EUR271mn in a stronger-than-expected Q3
  • Failed investment bank Lehman Brothers' $250mn directors' and officers' (D&O) liability programme is rapidly being eroded by defence costs as the firm's bankruptcy filing rumbles on.
  • Marsh and McLennan Companies (MMC) reported a positive 6 percentage point swing in year-on-year third quarter organic revenue across its broking operations, turning a 3 percent decline in the same period of 2009 into 3 percent growth.
  • London-listed broker Jardine Lloyd Thompson (JLT) gave little away in a brief interim management statement that said its position was materially unchanged since it reported first-half results in July.