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Everest Re receives approval for EUR200mn Irish subsidiary
Everest Re Group's newly formed non-life reinsurance subsidiary, Everest Reinsurance Company Ireland Ltd (ERIL), has been given the green light...
06 July 2009
Snowball takes on Australian turnaround challenge
Former Aviva Group executive Patrick Snowball has been appointed as CEO of struggling Australian financial services group Suncorp-Metway, effective 1 September.
06 July 2009
Cooper Gay moves closer to IPO endgame with appointment
London-headquartered (re)insurance broker Cooper Gay has edged closer to its desire for a public listing, with news that it has appointed UBS as adviser.
06 July 2009
Catlin leads Italian train crash reinsurance
Catlin Group is understood to be the leader on the liability reinsurance programme for Italian train operator Ferrovie dello Stato, following a crash in the Tuscan city of Viareggio on 29 June.
06 July 2009
UK non-life sector misses out on Q2 FTSE bounce
After a first quarter in which it outperformed the FTSE All Share index total return, the UK non-life insurance sector has failed to pick up on the widespread bounce in the equity markets in Q2.
06 July 2009
XL replaces London head
XL Insurance - the London-based subsidiary of Bermudian (re)insurer XL Capital - has named Neil Robertson as replacement for the recently departed chief underwriting officer (CUO) of its global specialty business...
06 July 2009
PartnerRe leaps into top four; rating agencies respond
Bermudian reinsurer PartnerRe is to acquire up-for-sale rival Paris Re in a $2bn multi-step deal that will create the world's fourth-largest pure reinsurer, based on shareholders' equity and business written.
06 July 2009
Guy Carpenter redresses balance of power
Guy Carpenter took further steps to bolster the management of its non-US operations last week, as it looks to redress the shift in its powerbase to New York that began early last year.
06 July 2009
1.7 renewal 'orderly' as capacity fears continue to ease
The key 1.7 renewal date carried on the trend set at the 1.6 Florida-focused renewal, with reinsurers looking for bumper rate rises left disappointed...
06 July 2009
Aon turns to Brown to drive UK performance
Aon moved swiftly to appoint a new CEO of its UK operations, naming Rob Brown to the position.
06 July 2009
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