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  • A number of Bermudian (re)insurers provided evidence of the impact of unprecedented Q1 large risk losses on profits for the period.
  • Nearly nine years after the infamous collapse of insurer HIH – still the largest corporate bankruptcy in Australia – Names who suffered losses on the group's Lloyd's syndicates are set to receive compensation from the Corporation.
  • Reinsurance broker Guy Carpenter has appointed Rupert Bedford as head of broking for the UK operations of GCFac, the firm's dedicated facultative reinsurance unit
  • Pick up Heath Lambert Group on the cheap and become the UK's second largest (re)insurance broker?
  • Munich Re announced a widely anticipated expansion of its capital management programme, with plans to buy back more than EUR5bn shares by 2010 as it targets average rises in earnings per share of 10 percent through the period.
  • Aviva plc has received regulatory approval to open another office in China bringing its total of offices in the country to 13.
  • Symetra - the former Safeco spin-off life and health insurer that counts White Mountains Insurance Group and Berkshire Hathaway among its major investors - has filed for a $575mn initial public offering (IPO).
  • Catastrophe modelling firm EQECAT has estimated that insured losses caused by Hurricane Humberto will be less than $1bn.
  • The spectre of long-tail liability losses reared its head again as Markel Corp booked a deterioration in its combined ratio that included six points of unfavourable prior-year reserve development relating to asbestos and environmental (A&E) exposures.
  • Musical chairs among the senior London market underwriting associations saw the chairman and chief executive of ACE’s European operations Andrew Kendrick replace Brit’s Dane Douetil as chairman of the Lloyd’s Market Association (LMA).