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  • Listed London market reinsurance intermediary Jardine Lloyd Thompson (JLT) is in advanced talks to purchase independent broker Harman Wicks & Swayne (HWS), The Insurance Insider understands.
  • A major unit in the transfer of Heath Lambert's wholesale division to Cooper Gay will no longer be a part of the proposed sale, The Insurance Insider has learnt.
  • The UK's Financial Services Authority (FSA) has suggested that the "light touch phase of the regulatory cycle" may be over, as "lessons are learnt" from the current credit crisis, according to a spokesman.
  • Hannover Re has revealed that its pre-tax net loss burden from the recent Chinese earthquake is likely to be more than EUR10mn.
  • Hannover Re's net profits rose by more than a fifth to EUR151.5mn in the first quarter, according to the reinsurer's interim report.
  • Australian insurer Insurance Australia Group (IAG) looks poised to offer shareholders an array of initiatives to restore confidence in the company's growth prospects after chairman James Strong formally rejected QBE Insurance's raised offer.
  • 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.