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  • Canadian investment giant Fairfax Financial Holdings has embarked on a buyback programme of up to 1.6mn of its voting shares -which could cost it around $660mn at current stock prices and represents nearly 10 percent of the firm's publicly traded float.
  • Dominic Fodera, a former director of failed Australian insurance company HIH, has been jailed for two years for authorising a prospectus with a material omission.
  • Keith Rutter, the former Independent Insurance underwriting executive, has left Oxygen Insurance Brokers to return to underwriting.
  • Bermudian (re)insurer White Mountains Insurance Group reported an "OK" first quarter for 2007 with net income falling $4mn to $92mn.
  • UK-listed broker Jardine Lloyd Thompson Group plc (JLT) has parted company with Dominic Collins, executive chairman of its JLT Risk Solutions division, who has resigned after more than 20 years with the company. The move follows plans for a...
  • Bermudian PartnerRe has become the latest reinsurer to put a cost on Australian Q1 natural catastrophes as it said the total net impact of the loss events in the period so far will be between $80mn and $110mn.
  • American International Group (AIG) leads both the liability and the hull coverages for the budget airliner that crashed in Turkey killing all on board last Friday (30 November), according to sources.
  • Bermudian (re)insurer Validus Holdings Ltd has increased the size of its pending initial public offering (IPO) to $350mn following its $382.2mn acquisition of Lloyd’s based Talbot Underwriting Holdings.
  • The fatal flash foods that struck southern France on 15 June, killing 25 people, are set to cost insurers nearly EUR700mn, according to estimates from the French federation of insurance companies (FFSA).
  • Asian typhoon Fanapi may cause insurable damages of between $500mn and $1bn, according to modelling firm Eqecat