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  • US insurance giant Chartis last week revealed that it has streamlined its operations into three major geographic zones as it looks to target growth economies.
  • Influential shareholder proxy firm Institutional Shareholder Services (ISS)' recommendation that Transatlantic Re shareholders vote for the agreed tie-up with Alleghany will be seen as a crucial boost before the 6 February investor poll on the transaction.
  • Rob Bredahl, CEO of Aon Benfield's investment banking group, and colleague Dan Malloy are joining John Berger-headed start-up Third Point Re.
  • Following a year of brutal cat losses, PartnerRe scaled back the amount of property cat aggregate that it wrote at 1 January by around a fifth, The Insurance Insider has learned.
  • Current head of Willis Re Europe Tony Melia will be unveiled later this week as the new CEO of Willis Re International, The Insurance Insider has learned.
  • Byrne departs Xchanging; HSBC $1bn shortlist; Talanx swoops; Aviation flat; Windsor builds binder team; XL appoints Chartis exec; Cincinnati Financial bucks trend; Swiss Re appoints Lies; Liberty promotes; AJ Gallagher acquires; Euro insurers downgrade
  • The voluminous amount of litigation against Chinese companies stemming from a wave of reverse-takeover US listings is expected to badly burn the directors' and officers' (D&O) insurance market.
  • Sometimes this industry can be its own worst enemy. A common complaint in the sector is that we are often widely misunderstood.
  • Insured losses from the Costa Concordia cruise liner are well spread around the market, full details of the EUR395mn/$500mn hull insurance placement obtained by The Insurance Insider demonstrate.
  • Jason Harris, the former head of UK commercial lines at Chartis, has joined XL to become CEO of its international P&C insurance business.