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  • Global insurer Ace is thought to lead the cover for the insurance policy on Ethiopian Airlines flight 409, which crashed into the water off Lebanon's south coast five minutes after take-off at 00:30 GMT this morning (25 January).
  • American International Group (AIG) has slashed senior executive remuneration as a gesture to its new US political paymasters and in an attempt to speed the group to recovery, with CEO Ed Liddy earning a $1 salary for 2008-2009.
  • The shareholders of Max Capital and Harbor Point have both voted overwhelmingly to approve a merger between the two companies to create a $3.16bn (re)insurer that will operate as Alterra Capital.
  • In the article “S&P warns on Bermuda; start-up returns questioned”, published in last Monday’s Insider Week...
  • Bermuda’s youngest (re)insurer Quanta reported an increase in year-on-year net income for the second quarter of 2005 from $1.8mn or $0.03 a share, to $8.5mn or $0.15 a share.
  • Aspen Insurance reported records for both the year and the quarter, with net income of $378.1mn and $119.5mn respectively.
  • The impact of legislative actions in Florida earlier this year was reflected in the top line shrinking by 18 percent at RenaissanceRe Holdings Ltd as the reinsurer reported first quarter figures.
  • Lloyd's received the long-awaited approval for its new Chinese onshore reinsurance operation from regulators on Wednesday (14 March).
  • Wellington plc, the Lloyd’s insurer that has agreed to the takeover overtures from rival Catlin Group, has been struck by resignations from its UK property team.
  • Turned around French reinsurer SCOR has reported significant growth in Asia and India, with a 23 percent increase in premium income for non-life treaty business in the region. The company said that, with treaties in Japan and Korea up for renewal...