June 2008/3

The Travelers Companies COO Brian MacLean has also been named president of the group after being promoted from executive vice president.

Bond insurer MBIA Inc is reconsidering the deployment of the $900mn it raised in a recent equity public offering, including the launch of a new insurer.

Willis Group Holdings has had its debt ratings placed under review for downgrade by rating agency Moody's after last week’s announced $2.1bn acquisition of Hilb Rogal & Hobbs (HRH).

In another tough week for the stocks of the UK's quoted non-life insurers, RSA share price was a rare exception buoyed by vague suggestions of a possible bid from QBE.

German insurance giant Allianz is in talks with Commerzbank and Postbank over the proposed sale of its embattled banking division Dresdner Bank, according to reports.

A potential bid from Zurich Financial Services (ZFS) for the Royal Bank of Scotland's (RBS) insurance unit has continued to place downward pressure on the company's share price.

Space insurance underwriters are facing the prospect of yet another loss with the failure of a Kazakhstan communications satellite in orbit, The Insurance Insider revealed last week.

Despite strong competition between insurers and the wider financial markets total premium income for European insurers held steady last year, according to figures from the Comité Européen des Assurances (CEA).

XL Re's Latin America subsidiary has received regulatory approval to join the Brazilian reinsurance market as an admitted reinsurer.

The investment vehicle of former American International Group Inc (AIG) CEO and chairman Maurice "Hank" Greenberg will continue with its planned purchase of a stake in Lehman Bros despite expected senior management changes and the posting of...

Speculation surrounding the future of Marsh & McLennan Companies (MMC) security consulting arm, Kroll, was further fuelled at the end of last week when the company announced that founder Jules Kroll is to step down.

Lloyd's listed (re)insurer Beazley Group plc is to promote group finance director Andrew Horton to take over from Andrew Beazley as its CEO.