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  • Lloyd's insurer Amlin plc is to launch a Zurich-based reinsurance company that will target European business that does not typically flow into the London or Bermudian markets.
  • Marsh and McLennan Companies' (MMC) Q1 results show that its broking businesses managed to maintain organic revenues on a par with the same quarter a year earlier, despite the soft global (re)insurance market.
  • Patrick Thiele, president and CEO of PartnerRe is to retire at the end of 2010 after a decade at the helm of the Bermudian-headquartered global reinsurer.
  • Hannover Re posted first quarter net income of EUR157mn despite catastrophe losses exceeding its figure for the whole of 2009, as reserve releases swung its combined ratio below 100 percent.
  • The administrators running Quinn Insurance have announced that 900 staff will be made redundant, as the search for a buyer for the troubled Irish insurer begins in earnest.
  • Bermudian (re)insurer Flagstone Re posted total revenue growth of 38 percent for the first quarter to $251mn, as it rebranded its Lloyd's syndicate.
  • Bermudian (re)insurer Max Capital comfortably exceeded analyst forecasts for Q1 with $36mn earnings, as it downgraded its estimated cat hit from February's Chilean earthquake and European Windstorm Xynthia to just $10mn.
  • Expansive Bermudian (re)insurer Torus has acquired the direct and facultative (D&F) arm of Glacier Re for an undisclosed sum, as earlier predicted by sister publication Inside FAC.
  • The insurance segments of the Berkshire Hathaway group registered a 3.5 percent fall in earnings in the first quarter, as lower investment income masked improving underwriting results.
  • Aon's organic broking revenues fell 3 percent year-on-year in the first quarter, as poor performances from its Americas retail division and reinsurance weighed on results.