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  • French reinsurer SCOR has said that following last year’s rating upgrades into the crucial “A” territory it has “largely recovered its shares of business lost in 2002-2003”.
  • German reinsurer Hannover Re reported premium growth of 2 percent in its total property and casualty reinsurance portfolio for the January renewals.
  • Ironshore Insurance Ltd, the Bermuda-based $1bn insurer formed by the father-and-son team Bob and John Clements at the tail end of last year, has received an A- (Excellent) rating from AM Best.
  • Endurance Specialty Holdings Ltd booked year-on-year premium growth in excess of 10 percent as it reported 2006 net profits of $498.1mn and record annual return on equity (ROE) of 25.6 percent.
  • Lloyd's insurer Beazley Group plc has announced that it will begin underwriting US commercial property business on an admitted basis.
  • "Gold-plated" reinsurance was key to the landmark $7bn deal between Equitas and Berkshire Hathaway according to Scott Moser, CEO of the Lloyd's run-off vehicle.
  • Besso Holdings Ltd, the London market broker which is set to announce a leap in profits for 2006, has appointed an adviser to consider its offers which could involve the sale of its shares.
  • Numis Securities lowered its earnings forecast on the UK-headquartered broker Jardine Lloyd Thompson Group plc (JLT) and reiterated its sell recommendation on the company's stock.
  • It was a case of from one extreme to the other as XL Capital bounced back from 2005's record losses to report a record net income of $1.76bn for 2006.
  • Beleaguered Bermudian reinsurer PXRE is facing termination charges of up to $60mn on cat bonds and reinsurance contracts if, as expected, it goes into run-off.