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  • 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.
  • Canadian conglomerate Fairfax Financial Holdings Ltd bounced back to a third quarter profit of $253.2mn from a loss of $359.2mn in the prior-year period.
  • The (re)insurance sector will watch developments in Bermuda with interest over the coming weeks after premier Ewart Brown called a general election for 18 December.
  • Reinsurance broker Guy Carpenter is developing five different trading indices with the first European index looking to go live as early as six months time.
  • London-based law firm Kendall Freeman has been looking for a partner for some time and so seasoned watchers were not surprised by its proposed tie-up with the US firm Edwards Angell Palmer & Dodge LLP (EAPD) that was announced late last month.
  • Validus Holdings-owned Talbot Underwriting has become the latest Lloyd's insurer to launch an Asian venture through the Corporation's Singapore platform.
  • The board of Willis Group Holdings has approved a new $1bn stock buyback plan.
  • China Reinsurance Group, the country's largest reinsurer, is planning an initial public offering (IPO) after inviting "strategic" investors to buy stakes, according to a statement from the company last week.
  • US insurer Liberty Mutual Group has boosted its asbestos reserves by $67mn post-tax following the completion of a "comprehensive ground-up study", it revealed in its third quarter results.
  • "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.