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  • The investment portfolio of listed-Lloyd's insurer Chaucer Holdings plc returned a loss in the first quarter as it was hit by the continued global economic and credit turbulence.
  • Lloyd's insurer Heritage Underwriting Agency plc has applied to the London Alternative Investment Market (AIM) to cancel admission of its shares to the exchange following closure of its acquisition by Bermudian Argo Group International Holdings Ltd.
  • 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
  • Florida homeowner insurer HomeWise Insurance Co has issued a $260mn Florida wind-only cat bond just weeks before the start of the North Atlantic wind season on 1 June.
  • Marsh senior management pressurised its aviation department to use confidential information from rival intermediary United Insurance Brokers (UIB), a pre-trial hearing has been told.
  • Bermudian Argo Group International Holdings Ltd's 154p a share cash offer to buy Heritage Underwriting Agency plc has been declared unconditional.
  • Foreign exchange losses sent PARIS RE to a $129.5mn first quarter net loss under IFRS reporting, against a comparable prior-year period net profit of $35.7mn.
  • Property losses from the Chinese earthquake in Sichuan province could reach as much as $15bn but the insurance industry is likely to emerge relatively unscathed.
  • Brit Insurance Holdings Plc has appointed Jonathan Turner as active underwriter of Syndicate 2987.
  • Three companies have joined together to launch ACR ReTakaful Holdings Ltd, the largest retakaful company in the reinsurance industry with a capital base of almost $300mn.