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  • Allied World Assurance Holdings revealed that its Dublin based reinsurance subsidiary AWAC Re has opened a London branch office.
  • Brit joined the consensus beaters posting "record" half-year profit before tax of £31mn, compared to last year's loss at the same stage of £4.3mn and well above analysts' expectations of £18-19mn.
  • A US federal judge will allow a group of Ohio pension funds to pursue a huge securities fraud lawsuit over alleged false statements regarding American International Group (AIG), but has also limited equity holder claims.
  • Lloyd's insurer SVB suffered a 25 percent share price fall as it revealed further deterioration from its US legacy exposures. But the company responded by creating a £103mn plc level reserve fund which, it hopes, will reassure the City of its reserve a
  • While the full magnitude of insured losses from Hurricane Katrina is still being assessed, it already appears certain that the burden will be high enough to trigger payment from the owners of CAT bonds and insured loss warranties.
  • French reinsurer revealed last week that it has applied for a licence with the China Insurance Regulatory Commission (CIRC) to write reinsurance business in China.
  • US insurance giant The Allstate Corporation has revealed $1.4bn in estimated catastrophe losses for the month of April.
  • Arthur J Gallagher was the first of the major brokers to publish its first quarter 2006 results last week - setting a scene of competitive trading conditions likely to be followed by its rivals over the next few weeks.
  • Ryan Specialty Group and acquisitive Lloyd's (re)insurer Canopius are among the companies involved in an auction process that will decide the future ownership of independent Lloyd's insurer Jubilee Group, The Insurance Insider can reveal.  
  • SCOR is facing further legal action in its long-running dispute with Highfields investment funds, the former main minority shareholder in IRP Holdings Limited, the Dublin-based quota share sidecar it established in the aftermath of 9/11.