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  • Swiss reinsurer Glacier Re had its ratings placed under review with negative implications by AM Best last Thursday (22 June).
  • Electronic reinsurance trading platform RI3K has cut its prices by 80 percent in a move it described as "effectively sponsored" by Aon.
  • US domiciled reinsurer OdysseyRe has launched a new £25mn capitalised UK insurance company that will focus on writing casualty lines.
  • UK-listed (re)insurer Chaucer Holdings plc has announced a £40mn increase in capacity for next year.
  • Bermuda-headquartered Catlin Group has announced that it will form a crisis management underwriting team in London to write product recall and kidnap and ransom (K&R) business.
  • Lloyd’s insurer Kiln plc is planning to expand its 2007 capacity to over £1bn – making it one of the largest Lloyd’s insurers by stamp.
  • Berkshire Hathaway chairman and chief executive Warren Buffett has revealed his plans to give away a large part of his personal wealth to charity.
  • Bermudian (re)insurer Allied World Assurance Company (AWAC) has revealed that it is under investigation by the Texas attorney general for restraint of trade and other business practices.
  • Aon UK announced last Thursday (22 June) that it will soon have the ability to trade electronically across all its London market lines of business.
  • Quoted Lloyd's insurer Hardy has announced that it will form a new non-marine syndicate for 2007, which will be led by Clal Insurance Syndicate 1301 underwriter Patrick Gage.