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  • Shares in Zurich Financial Services have leapt suddenly on suggestions of a takeover by US insurance St Paul Travelers.
  • Omega Underwriting Agency Ltd has submitted a revised business plan to Lloyd's to increase income on its offshore energy account for the 2010 year.
  • French reinsurer SCOR has successfully raised a total of EUR233.2mn from the issue of 149.5mn shares (after full exercise of over-allotment option), with the majority of the gross proceeds going to buy back the remaining shares of Irish subsidiary IRP.
  • German reinsurer Hannover Re reported premium growth of 2 percent in its total property and casualty reinsurance portfolio for the January renewals.
  • The Japanese big three - MS&AD, NKSJ and Tokio Marine - have disclosed modest increases to their loss estimates for last year's Thai floods in their results for the three months to 30 June.
  • Analysts have reacted cautiously to Munich Re's $1.3bn planned purchase of US primary insurer The Midland Company (Midland).
  • In our regular monthly News Digest, we round up key stories from the last month, presenting them to you in easily digestable snippets.
  • UK insurer Brit Insurance Holdings plc followed rivals Hiscox and Amlin in releasing a bullish trading statement last Friday (19 August), revealing its forthcoming half-year results will be "materially ahead" of expectations.
  • Brit Insurance has become the latest (re)insurer to raise capital in expectation of 2006’s improved underwriting conditions. The firm announced that it has agreed to raise £150mn tier two long-term subordinated debt. As well as enabling Brit to take...
  • Warren Buffett's reinsurance consigliore Ajit Jain is known for his humble demeanour which is all the more impressive considering the praise that is regularly poured on him by the Sage of Omaha.