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  • Bermudian (re)insurer Arch Capital has announced that it will start to underwrite commercial business in the UK this week, after receiving a licence to do so from the Financial Services Authority (FSA).
  • Hiscox Bermuda CEO and chief underwriting officer Robert Childs is to return to London and be replaced by Imagine Group Holdings Ltd's head of underwriting, Robert Forness.
  • Sagicor Group of Companies has announced that group net profits increased by around $9mn compared with the prior-year period after profiting from the Lloyd's platform it acquired in September 2007.
  • UK (re)insurer Aviva reported heavy losses of £235mn for the UK floods in June, dwarfing those of competitor Royal & Sun Alliance (R&SA), which reported flood losses of £55mn for the second quarter.
  • Sirius completes Tryg buy Bermuda’s White Mountains Re continued its rapid expansion with the completion of subsidiary Sirius International Insurance Corporation’s acquisition of fellow Scandinavian company Tryg-Baltica Forsikring.
  • Lloyd’s has strengthened its ties in the fast growing Asian markets with the launch of a Malaysian subsidiary.
  • Bermudian reinsurer RenaissanceRe has elected Henry Klehm III to its board of directors - bringing the total on the board to 11 of which nine are independent.
  • Shares have been suspended in Swiss Re this morning (18 November) ahead of an 11am GMT press conference where it is expected the reinsurance giant will announce its intention to buy the (re)insurance operations of US conglomerate General Electric (GE).
  • Bermudian property cat specialist IPC Holdings Ltd has executed around half of its authorised share repurchase programme in the second quarter of 2007, it announced last week.
  • It may have been another benign year for US hurricanes, but IPCRe's international book means it has inevitably taken a number of hefty non-US catastrophe losses, not least from the UK summer floods.