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  • In a bleak day for international equity markets, Brit Insurance Holdings Plc led UK insurers’ stocks south after closing down almost 7.5 percent on the London Stock Exchange.
  • Paul Jardine, COO of Catlin Group, has been returned as chairman of the Lloyd’s Market Association (LMA).
  • The Philippine ferry that sank in the devastating Typhoon Fengshen with more than 800 people on board was covered in the local markets, according to reports.
  • French reinsurer SCOR has unveiled the launch of its latest hub in Singapore to serve the Asia-Pacific region.
  • Benfield Group Ltd has appointed former RennaisanceRe president Bill Riker as a non-executive director.
  • The auditors of failed UK insurer Independent Insurance have been fined £500,000 and ordered to pay costs of £1.15mn by the UK accountancy watchdog after a tribunal found the firm's conduct "seriously below the appropriate standard".
  • Bermuda's financial services sector has seen little fall-out from the US sub-prime meltdown as the island's regulator released its annual report.
  • Hawaiian governor Linda Lingle has signed a new law making the transfer of insurance-linked securities to the capital markets more efficient for captives.
  • Swiss Re has obtained $150mn protection against North Atlantic hurricane, European windstorm, Californian earthquake, Japanese earthquake and Japanese typhoon through collateralised risk obligation (CRO) Vega Capital Ltd, as predicted by...
  • Despite a "good year for the insurance industry" in 2007, the non-life sector faces considerable challenges, according to Swiss Re.