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July 2009/1
  • LMX market awaits ruling on pivotal Equitas v Brandywine dispute
    A packed courtroom at the UK High Court last week (2 July) heard the final arguments in the three-week trial between Berkshire Hathaway's Equitas and Randall & Quilter (R&Q)-owned Brandywine.
    06 July 2009
  • Hannover Re's Zeller retires
    Hannover Re CEO Wihelm Zeller retired on 30 June as planned, after over 13 years with the company...
    06 July 2009
  • Omega deploys excess capital with buyout
    Lloyd's and Bermuda (re)insurer Omega Insurance Holdings declared its Names capacity buyback initiative a success last week, after receiving acceptances of approximately £45.7mn of capacity.
    06 July 2009
  • UK non-life sector misses out on Q2 FTSE bounce
    After a first quarter in which it outperformed the FTSE All Share index total return, the UK non-life insurance sector has failed to pick up on the widespread bounce in the equity markets in Q2.
    06 July 2009
  • Aon turns to Brown to drive UK performance
    Aon moved swiftly to appoint a new CEO of its UK operations, naming Rob Brown to the position.
    06 July 2009
  • XL replaces London head
    XL Insurance - the London-based subsidiary of Bermudian (re)insurer XL Capital - has named Neil Robertson as replacement for the recently departed chief underwriting officer (CUO) of its global specialty business...
    06 July 2009
  • Europe's P&C big guns target life; reinsurance capital renaissance continues
    The resurgence of reinsurance as a stable form of capital is seeing Europe's P&C reinsurance giants enter into more transactions with stretched life insurers.
    06 July 2009
  • Brit appoints Beane as COO
    Brit Insurance has hired former XL Capital chief processing officer Malcolm Beane as COO, effective from 21 September
    06 July 2009
  • Flagstone enters fray with late swoop for IPC
    Swiss-domiciled reinsurer Flagstone Reinsurance Holdings has entered the race to buy in-play Bermudian cat specialist IPC Holdings, with an offer for all outstanding shares that beats the current best offer by $4.76 a share.
    06 July 2009
  • Flagstone's Swayne to return to Bermuda
    Guy Swayne, CEO of Flagstone Réassurance Suisse - the Swiss subsidiary of Flagstone Reinsurance Holdings - will return to Bermuda to resume his role as chief underwriting officer for the reinsurer’s international team.
    06 July 2009
  • Modest values likely to spur further (re)insurance M&A
    PartnerRe's swoop for Paris Re has served as a reminder that while global (re)insurers are trading at below book or net tangible asset values, the temptation for premium-rated peers to turn acquirer for low-priced peers...
    06 July 2009
  • Snowball takes on Australian turnaround challenge
    Former Aviva Group executive Patrick Snowball has been appointed as CEO of struggling Australian financial services group Suncorp-Metway, effective 1 September.
    06 July 2009
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