May 2008/3

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.

The two broking firms involved in a David and Goliath-style legal tussle over alleged aviation staff poaching and use of confidential information appeared in court last week.

Private equity firms may team up with potential trade buyers to bid for Royal Bank of Scotland’s insurance division (RBSI) at a later stage in the bid process after being blocked from entering the first round of bidding.

Munich Re Capital Markets placed "just under 40 percent" of the $300mn Muteki cat bond, revealed by our sister publication Trading Risk last week, with investors in the European Union and Switzerland.

Amlin's head of underwriting Tony Holt has sold £5.77mn worth of company shares - the vast majority of his holding - in a move that may further fuel speculation over his future at the Lloyd's insurer.

The proposed sale of Heath Lambert's wholesale operations to Cooper Gay is coming under further pressure as executive opposition to the deal increases at the broker, The Insurance Insider can reveal.

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.