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  • ACE Group has expanded its presence in the Middle East with the launch of two new subsidiaries.
  • Florida insurance commissioner Kevin McCarty has stayed an order suspending Allstate's ability to sell new business in the state, according to reports.
  • Aspen Insurance Holdings Ltd has announced a $300mn share buyback, which will include a deal to repurchase around 4.1 million shares from one of its founding private equity backers, Candover Partners Ltd.
  • Brit Insurance Holdings Plc said sub-prime related claims are developing in line with expectations in its interim management statement to investors.
  • Amlin became the latest Lloyd's insurer to confirm that its premium income is falling amid the softening market conditions.
  • The two broking firms involved in a David and Goliath-style legal tussle over alleged aviation staff poaching and use of confidential information appeared in court last week.
  • 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.
  • Towergate Partnership has revealed 2007 group profit of £166mn on the basis of earnings before investment, tax, depreciation and amortisation (EBITDA), which includes income from Payment Shield, Open GI, and The Broker Network.
  • Private equity firms may team up with potential trade buyers to bid for Royal Bank of Scotland’s insurance division (RBSI) at a later stage in the bid process after being blocked from entering the first round of bidding.
  • Recently listed legacy specialist Randall & Quilter Investment Holdings plc (R&Q) has posted "record" operating profit of £8.7mn - up 68 percent on 2006 - in its first full year results since listing on the London Stock Exchange's (LSE) AIM market in Dece