Reinsurance

British insurance broker Jardine Lloyd Thompson Group is buying Towers Watson's reinsurance brokerage for $250 million, accelerating an expansion into the United States.

U.S. judge on Tuesday approved a $72 million settlement to resolve shareholder claims that Berkshire Hathaway Inc's General Re Corp engaged in a sham deal that helped inflate AIG's reserves.

American International Group Inc has decided to stop signing new reinsurance contracts with Warren Buffett's Berkshire Hathaway Inc. due to competitive reasons.

Munich Re played down the threat to its reinsurance portfolio from insurance investors like pension funds, saying it expected a stable outcome when it renews contracts with its insurance company clients in the coming months.

Widespread panic due to solar flares and satellite collisions is no longer the stuff of science-fiction now that theses real risks have the potential to create prolonged business interruption and billions in insured losses.

Reinsurance executives gathering in Monte Carlo will be considering their response to increasingly popular alternative insurance-linked investments that are driving down prices in the industry.