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January 2008/4

  • Bermudian firms PartnerRe and RenaissanceRe have announced combined writedowns of more than $200mn from their stakes in financial guarantee reinsurer Channel Re.
  • Aon has further bolstered its facultative division with the capture of RK Harrison’s head of London market fac business, Matthew Barnes, The Insurance Insider has learned.
  • US giant American International Group (AIG) leads the hull cover on the British Airways jet that crash-landed at London's Heathrow Airport with more than 150 people on board last week.
  • AJ Gallagher & Co's Chicago neighbour Aon Corp has emerged as the frontrunner to buy Gallagher Re, the reinsurance broking firm put up-for-sale by its parent company.