April 2009/1

Swiss Re's efforts to rehabilitate itself with investors will include cutting its workforce by 10 percent over the next 12 months and streamlining its global operations under new chief operating officer Agostino Galvagni.

The bitter dispute between rival London market brokers BMS Group and CJ Coleman (CJC) has erupted again, The Insurance Insider can reveal, after former managing director of BMS Harris & Dixon Ltd (BMS H&D) John McCormack allegedly breached restrictive cov

Lloyd's bolts on Berkshire exec; Pembroke expands capacity - confirms Liberty hires; Allianz led $18.5mn North Sea helicopter loss; Former Gen Re exec in FSA ban; Colemont takes Aon duo; Turner attacks EU passporting; Ark builds on strong first year; Case

Welcome to The Insurance Insider's regular section, Courtwatch, dedicated to providing analysis on all UK litigation involving (re)insurers with a particular mandate to focus on the impact of the credit crunch…

Run-off (re)insurer Alea Group turned around its 2007 post-tax loss of $78.2mn with a 22.5 percent reduction in its liabilities from $1.5bn to $1.2bn and a profit of $3.9mn.

UK-listed legacy vehicle Tawa plc saw deepening losses in the bond portfolio of its run-off subsidiary CX Re drag it to a 2008 after-tax loss of $42.4mn.

Deutsche Rück has scheduled an 18 May creditors' meeting to test the waters for approval of its solvent scheme of arrangement.

Troubled outsourcing firm Axiom Holdings is believed to be considering job cuts as part of the terms of its proposed acquisition by Charles Taylor Consulting.

Berlin-based run-off (re)insurance group BF Rückversicherung is seeking a buyer for its non-life reinsurance portfolio, which has approximately EUR100mn in liability reserves, The Insurance Insider can reveal.

Aon launches investment firm; Willis hires new capital markets head; Kepler Re wound up early

At a recent London 100 roundtable hosted by The Insurance Insider in London, senior industry figures agreed that existing estimates of the global (re)insured losses arising from the emerging web of law suits and class actions are "intuitively low".

German insurer returns to ILS market with novel structure; but sharks circle legacy transactions...