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  • Swiss Re CEO Stefan Lippe has overhauled the reinsurer's senior management team, bringing in new chief operating and chief risk officers and creating a number of new positions.
  • Bermudian (re)insurer Allied World is to move its main holding company from Bermuda to Switzerland, providing further evidence that the island is losing its lustre as an offshore domicile.
  • Flagstone Re expects claims from the New Zealand earthquake of $52.5mn net of reinstatement premiums and retrocession.
  • American International Group (AIG) plans to repay the bail-out funding from the US Federal Reserve by the end of the first quarter of 2011 through a series of moves that will further lift the Treasury's stake in the firm.
  • One of the founders of energy specialist Torus Insurance Holdings, David Hope, has joined the board of Lloyd's "turnkey" provider Capita Managing Agency as a non-executive director, it has emerged.
  • After squeezing a profit of £200,000 from its £40mn+ revenue base in 2008, reinsurance broker BMS Associates struggled again amidst the soft market, eking out post-tax profits of just £6,000.
  • Former Aon Ltd deputy chairman Jonathan Palmer-Brown is to succeed Andrew Agnew as chairman of Jardine Lloyd Thompson's (JLT) London market specialty arm, as predicted last week by The Insurance Insider.
  • Dominic Kirby has left his position as CEO of the managing agency for Flagstone Re's Syndicate 1969, according to a Lloyd's auction disclosure.
  • Pricing fell across the board in the third Lloyd's capacity auction this week, with particularly marked declines for poorly performing syndicates.
  • CV Starr is growing its political risk/credit business after hiring a market leading underwriting team from Chubb Group of Insurance Companies.