May 2008/3

Arch Capital Group has announced a new chairman and CEO for Arch Worldwide Insurance Group, following news it is to start a $500mn share buyback scheme.

Bermudian PartnerRe has announced two senior management changes to its non-US global operations.

Cayman Islands-based reinsurer Greenlight Capital Re revealed its losses more than halved in the first quarter compared to the same period last year.

Arab Insurance Group (Arig) has revealed profits more than halved in the first quarter of 2008, compared to the prior-year period.

Catlin Group Ltd is on track for its full-year forecast, as premium income remains flat in the first quarter of 2008, according to Numis Securities.

American International Group (AIG) CEO Martin Sullivan was given the vote of confidence by the company's board last week, despite growing pressure from investors after two consecutive quarters of record losses.

A New York Federal court has dismissed fraudulent misconduct claims against Cavell USA Inc - an affiliate of Brandywine owner Randall & Quilter - and its chairman Ken Randall brought by US run-off insurers Seaton Insurance Company and Stonewall Insurance

Former Swiss Re executive Shirley Beglinger has called for collaboration in the industry after it was estimated a quarter of insurers are unprepared for Solvency II.

The investment portfolio of listed-Lloyd's insurer Chaucer Holdings plc returned a loss in the first quarter as it was hit by the continued global economic and credit turbulence.

Lloyd's insurer Heritage Underwriting Agency plc has applied to the London Alternative Investment Market (AIM) to cancel admission of its shares to the exchange following closure of its acquisition by Bermudian Argo Group International Holdings Ltd.

Foreign exchange losses sent PARIS RE to a $129.5mn first quarter net loss under IFRS reporting, against a comparable prior-year period net profit of $35.7mn.

Independent Services Group (ISG) is to launch a homeowners insurance business in Louisiana after agreeing a deal to buy run-off US insurer Americas Insurance Company (AIC) from insurance services company Whittington Group.