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  • AIG has confirmed that a $10bn share offer is underway as the US government begins to exit its stake in the firm.
  • The global (re)insurance industry is likely to emerge relatively unscathed from the Chinese earthquake in Sichuan province, despite economic losses estimated at between $10bn and $20bn.
  • Platinum Underwriters has kicked off the Bermuda third quarter reporting season with operating profits that smashed analysts' forecasts.
  • Berkshire Hathaway has issued an in-depth statement aiming to dispel accusations its insurance subsidiaries have made inappropriate delays and denials of asbestos claims.
  • Critical issues surrounding the extension of the Terrorism Risk Insurance Act (TRIA) due to expire on 31 December need urgent attention if a bill is to be effective, according to a leading risk modelling firm.
  • Munich Re says it will limit or exclude contingent business interruption (CBI) cover from reinsurance treaties within 18 months if its clients do not provide full transparency on their supply chain or come up with plans to replace their key suppliers in the event of a disaster.
  • Alexander Baugh is to take up the newly created position of president and CEO of Chartis Europe Holdings.
  • QBE has continued its recent flurry of takeovers by agreeing to buy specialist European reinsurer Secura for EUR267mn (£220mn) from Belgium-based bancassurance group KBC.
  • A political storm is once again brewing over bonus payouts at stricken insurance giant American International Group (AIG).
  • Days after 11 September 2001, the former MMC chief executive Jeffrey Greenberg was instrumental in forming Axis Specialty – the Bermudian insurer which has since blazed a trail of success amidst the ripe rating environment of 2002-2004.