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  • Although Berkshire Hathaway reported a 64 percent hike in third-quarter net income late Friday (2 November), underwriting profits from its (re)insurance operation nearly halved, falling from $917mn to $486mn.
  • The management of German giant Munich Re is confident that the firm will return record profits for 2007 after posting "excellent results" so far this year.
  • Goldman Sachs' entry to Lloyd's with a syndicate for the 2008 year – exclusively revealed by The Insurance Insider today (5 November) - occurs against the backdrop of the capital markets' increasing appetite to assume (re)insurance risk.
  • Bermudian Max Capital Group Ltd reported third quarter net profits of $66.8mn, up from $26.5mn, and gross premiums written of $223mn, compared to $177.9mn in the prior-year period as a significant deal in its life and annuity business boosted the top line
  • Marine, energy and P&I insurer Lingard Limited (Gard) has appointed former JLT Re partner Graham Everard as managing director of its Bermudian operations.
  • Private equity firm General Atlantic is to sell another 15.23 million shares, or 7 percent of the issued share capital, in London market back office service provider Xchanging plc.
  • Bermudian insurance start-up Ironshore Inc has made a significant step in its roll-out strategy with its acquisition of a US admitted insurer Stockbridge Insurance Company from Folksamerica Reinsurance Co.
  • Australian (re)insurer QBE has rebranded its European operations which means the loss of the name of its Lloyd's (re)insurance arm, Limit.
  • "Class of 2005" insurer Lancashire Holdings Ltd said the third quarter had been its "best yet" with net income of $105.2mn up 100 percent from $52.6mn in the prior-year period.
  • Bermudian (re)insurer RenaissanceRe Holdings reported a third-quarter profit of $144mn, a decrease of 44.6 percent from the prior year period, driven by lower underwriting income, UK flood losses and a $36mn charge on investments hit by the sub-prime...