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  • Shares in Australian (re)insurer QBE Group dropped 10.2 percent in today’s (26 February) trading after the company missed analyst profit estimates for 2007.
  • Lloyd's insurer Beazley delivered record profits and strong top line growth for 2007, as it more than doubled business written in its US operation and benefitted from the benign underwriting environment.
  • Ron Sandler will continue as chairman of Bermudian insurer Ironshore Ltd after taking the helm at newly nationalised UK bank, Northern Rock.
  • The US Supreme Court has refused to hear an appeal in one of the wind versus water cases spawned by Hurricane Katrina.
  • The Council of Lloyd's has invited chairman Lord Peter Levene to remain at the Corporation for an unprecedented third term.
  • Swiss Re has joined a growing pool of major market players setting up as admitted carriers in the deregulated Brazilian market.
  • Commercial property insurer FM Global has seen 2007 net income jump by 26 percent to $928mn defying increased competition in the market.
  • Shares in Canadian conglomerate Fairfax Financial Holdings ended Friday flat despite the firm's record 2007 results with investment income of $1bn driven by credit default swaps (CDS) tied to...
  • John Charman, the renowned market veteran, has signed a five year deal to continue as head of Bermuda-based AXIS Capital Holdings Ltd, the company he founded.
  • Benfield Group must downsize in order to survive as the development of the insurance linked securities market reduces the traditional role of reinsurance intermediaries, according to Panmure Gordon & Co analyst Barrie Cornes.