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The Lloyd's bond issuance, boosting its Tier 2 capital, reinforces a trend among European re/insurers for increasing use of debt financing.

The London Branch of the Insurance Industry Charitable Foundation raised over £10,000 ($11,500) for local schools at its first benefit dinner.

Hastings Insurance could be in line for a near £1bn flotation later in the year, which would profit backers Goldman Sachs and Neil Utley.

UK-based Charles Taylor said this morning that it would not be pursuing a life deal that it referred to in its March 18 release announcing a rights issue, but that it was contemplating other acquisitions in the £5m to £10m range.

Australian broker and agency network Steadfast has completed the first stage of its share issue.

Australia’s largest insurer QBE has divested three agency businesses to a smaller rival to safeguard its recent US expansion and consolidate the group’s capital.

Chinese insurers are to be allowed to sell junior bond debt on the interbank market.

QBE is to sell its North American agency businesses to Alliant Insurance Services for an ultimate price, including earn-out of about $300m

AIG has returned to the debt market with a 40-year debt offer