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  • The recent devastating earthquake in China's Sichuan province will cost the country's insurers a mere $43mn, according to the China Insurance Regulatory Commission (CIRC).
  • Canopius Group Ltd founding chairman Michael Watson said the group is no longer searching for potential buyers, following the publication of its "record results" for 2007 last week.
  • Swiss Re has received a licence to become an admitted reinsurer for the newly de-regulated Brazilian market from the country's regulator.
  • Members of Lloyd's voted overwhelmingly in favour of the proposed amendments to the Act governing the market.
  • The UK's Financial Services Authority (FSA) may call time on its "light touch" after reviewing its position following fall-out from the credit market turmoil.
  • The investigation of American International Group's (AIG) former chairman and CEO Hank Greenberg over his alleged role in the controversial finite reinsurance transaction that was used to boost the firm's earnings also includes a second deal, according to
  • Moody's downgraded the debt ratings of American International Group (AIG) last week despite the insurance giant completing a $20bn capital raising exercise.
  • On the eve of the official start to the 2008 North Atlantic hurricane season, the US National Oceanic and Atmospheric Administration has echoed other experts in predicting a heavy year.
  • Andreas Loucaides has resigned from Catlin Insurance Company UK Ltd after four years as its CEO.
  • Jardine Lloyd Thompson (JLT) looks set to continue its strategy of bolt on acquisitions after it emerged that the firm is in advanced talks to buy the London market (re)insurance broker Harman Wicks & Swayne (HWS).