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  • The joint venture platform established by the world's largest interdealer-broker ICAP plc and insurance broker JLT Group plc has brokered its first catastrophe swap trade, for 2008 North American windstorm.
  • Listed Bermudian-headquartered legacy firm Enstar Group has acquired AMP Ltd’s Australian-based closed (re)insurance operations for A$585mn ($518mn).
  • Shares in Lloyd’s insurer Kiln Ltd have jumped by 13.5 percent today as the company has emerged as a takeover target.
  • Standard & Poor's (S&P) has upgraded the financial strength ratings on the main subsidiaries of The Royal & SunAlliance Group (R&SA) from A- to A.
  • AM Best has bolstered its London operations with the hiring of Lloyd’s head of capital and broker relationships, Nick Charteris-Black.
  • Nearly half of European insurers have reflected strong AAA capital adequacy scores after assessment by ratings agency Fitch's new stochastic Prism model.
  • US giant American International Group revealed Friday (7 December) that the sub-prime fallout and credit crisis has cost it $3.75bn in the fourth quarter to date.
  • Talbot Underwriting, which was acquired by Bermudian reinsurer Validus Holdings in July, has said it will maintain its Lloyd’s capacity at £325mn next year.
  • Bermuda-based Lloyd's (re)insurer Hiscox Ltd has said it is on course for a record result this year in a trading statement released today (10 December).
  • Ratings agency Standard & Poor's (S&P) has lowered its counterparty credit ratings on global financial services firm Marsh & McLennan Cos (MMC) to BBB- from BBB, with a stable outlook.