July 2009/1

Bermudian reinsurer PartnerRe is to acquire up-for-sale rival Paris Re in a $2bn multi-step deal that will create the world's fourth-largest pure reinsurer, based on shareholders' equity and business written.

June looks set to be the costliest month for aviation insurers since September 2001, according to the latest report on the sector from broker Aon.

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.

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...

Aon moved swiftly to appoint a new CEO of its UK operations, naming Rob Brown to the position.

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.

Hannover Re CEO Wihelm Zeller retired on 30 June as planned, after over 13 years with the company...

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.

Catlin Group replaced departing chief finance officer Chris Stooke last week with Swiss Re's former chief investment officer Benjamin Meuli.

Brit Insurance has hired former XL Capital chief processing officer Malcolm Beane as COO, effective from 21 September

Everest Re Group's newly formed non-life reinsurance subsidiary, Everest Reinsurance Company Ireland Ltd (ERIL), has been given the green light...

Former Aviva Group executive Patrick Snowball has been appointed as CEO of struggling Australian financial services group Suncorp-Metway, effective 1 September.