May 2006/1

Insurance broker Marsh Inc has announced the appointment of Stanislas Chapron as chief executive officer of Marsh France, following the retirement of Jean-Yves Durance.

US insurer St Paul Travelers has reported a rise of almost 500 percent in its first quarter net income today (2 May) and announced a $2bn share buyback scheme. Net income was $1bn, or $1.45 per basic share and $1.41 per diluted share, for the...

Platinum Underwriting reported a 41 percent fall, to $293.3mn, in its net written premiums for the first quarter of 2006. Net premiums also fell, by 16.2 percent for the quarter, to $344.3mn. Net income was up from $73mn for the first quarter...

Bermudian (re)insurer Arch Capital Group reported first quarter net income of $129.6mn - up from the $115.9mn earned in the corresponding period of 2005. Operating income rose more significantly, from $111.9mn in the first quarter of...

Endurance Specialty yesterday (1 May) reported first quarter net income of $107.0mn, up from $96.3mn earned in the prior-year period. Operating income was $107.9mn, against $102.7mn in the first three months of 2005.

GoshawK Insurance Holdings plc, the UK parent of failed Bermudian reinsurer Rosemont Re, has had its shares suspended with immediate effect today (2 May).

Ratings agency Fitch announced on 25 April that it had begun operating from its new office in Dubai. Stephen de Stadler, Fitch's head of Business Development for the Middle East, said: "Fitch Ratings recognises that the economic growth currently...

Aon Corp's former US wholesale arm Swett & Crawford Group has promoted its chief operating officer to succeed David Hartoch as group chief executive.

It is the last chance to join The Insurance Insider, and our illustrious panels of senior reinsurance executives, at two free-to-attend Post-Katrina briefing events in London later this week.

Everest Re has prompted fears of more hurricane pain for reinsurers after revealing further deterioration in losses from last autumn's storms in its first quarter results published last Monday (24 April).