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  • If any additional evidence is required that there is ample capital floating around the (re)insurance industry, then the Q1 share repurchase schemes provide undeniable proof (see table).
  • European insurance stocks raced ahead today (10 May) as sovereign debt default fears subsided following the mammoth EUR750bn package to underpin the Euro.
  • Another high-profile member of Lloyd's and international specialty (re)insurer Brit's fast-shrinking professional risks division is set to depart, The Insurance Insider has learned.
  • Warren Buffett-led Berkshire Hathaway suffered catastrophe losses of $500mn in the industry's bruising first quarter.
  • Industry veteran Pat Ryan's latest business venture faces a firestorm of litigation in the wake of an audacious poaching raid on CRC and recruitment of around 100 of its staff to his start-up managing general agent
  • International specialty (re)insurer Catlin Group has reported divergent Q1 premium growth performance, as it grew business strongly in Bermuda and at other locations from its main London hub while shrinking premium volumes written from the UK.
  • In line with many of its catastrophe-exposed peers, Bermudian (re)insurer PartnerRe booked an operating loss for the first three quarters of the year and saw net income plummet after being battered by losses.
  • Buffy worries about a poor start for losses in 2010.
  • Bermudian (re)insurer Validus Holdings reported a first quarter net loss of $118mn, contrasting with income of $94.9mn in the first three months of 2009, after sustaining a $306.9mn hit from the damaging natural catastrophes that punctuated the quarter - the Chilean earthquake, windstorm Xynthia and the Melbourne hailstorm.
  • AIG ‘no value' fears; Torus expands; Munich confident; Alterra lands; Avanti Geronzi!; Beazley health...