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  • The resurgence of reinsurance as a stable form of capital is seeing Europe's P&C reinsurance giants enter into more transactions with stretched life insurers.
  • US law firms Strasburger & Price and Castillo Snyder have filed a class action lawsuit in the US Federal Court against Willis Group Holdings, seeking $1bn in damages.
  • American International Group (AIG) has continued to make steady progress on its non-core asset disposal programme over the last two months...
  • A packed courtroom at the UK High Court last week (2 July) heard the final arguments in the three-week trial between Berkshire Hathaway's Equitas and Randall & Quilter (R&Q)-owned Brandywine.
  • Hannover Re CEO Wihelm Zeller retired on 30 June as planned, after over 13 years with the company...
  • Bermudian reinsurer IPC Holdings has confirmed that James Bryce retired as president and CEO of the firm on 30 June. He is succeeded by John Weale, IPC's CFO, who will serve as president and interim CEO.
  • Brit Insurance has hired former XL Capital chief processing officer Malcolm Beane as COO, effective from 21 September
  • Guy Swayne, CEO of Flagstone Réassurance Suisse - the Swiss subsidiary of Flagstone Reinsurance Holdings - will return to Bermuda to resume his role as chief underwriting officer for the reinsurer’s international team.
  • 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, Dermot O’Donohoe.
  • US insurer The Hartford Financial Services Group has filed a lawsuit against Bermudian Arch Insurance and three former employees, claiming Arch "conducted an unlawful corporate raid" by hiring over 60 managers, underwriters and employees from...