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  • Disgraced “Sheriff of Wall Street” Eliot Spitzer has resigned as New York Governor over his links to a prostitution ring.
  • Despite a heavier burden from natural catastrophes, Hannover Re saw operating profits rise 14 percent to EUR940mn, boosted by strong performance in its life and health division.
  • Shares in Lloyd's insurer Heritage Underwriting Agency plc closed up 13 percent to 131.5p today (11 March), fuelled by strong results and takeover speculation.
  • The US Federal Reserve has taken further strong action in a bid to ease fears of a freezing up of credit markets that has sent US financial stocks on a downward spiral in recent days, and led to fears of a squeeze on insurance linked securities (ILS) dema
  • Embattled New York Governor Eliot Spitzer has been told he has just 48 hours to resign or face impeachment.
  • Berkshire Hathaway Inc has exited its 16.3 percent stake in White Mountains Insurance Group Ltd in a deal that sees the Bermudian insurer pay $751mn in cash and transfer two of its run-off units to the investment giant.
  • Liechtenstein-based liability insurer Gable Insurance has appointed Lance Ranger as its new chairman.
  • US property and casualty (P&C) insurance rates were down 14 percent on a composite basis in February, with rates in the worst-hit sector, commercial property, falling 17 percent in the period, according to US insurance aggregator MarketScout.
  • American International Group Inc (AIG) has been admitted on the Irish Stock Exchange with a par value of $2.50 per share.
  • The terms of the offer by French insurance giant AXA to acquire 100 percent of UK broker SBJ Group Ltd values the intermediary at more than twice its 2006 reported turnover of £76.14mn.