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  • Broking giant Aon moved swiftly to appoint a new CEO of its UK operations, as it named Rob Brown to the position.
  • Swiss-headquartered reinsurer Flagstone Reinsurance Holdings has entered the race to buy in-play Bermudian cat specialist IPC Holdings with an offer for all outstanding shares that beats the current best offer by $4.76 a share.
  • Lloyd's and Bermuda (re)insurer Omega Insurance Holdings has received acceptances of approximately £45.7mn of capacity, representing 21.9 percent of the outstanding capacity on its Lloyd's Syndicate 958.
  • Rumours of Bermuda's demise has been greatly exaggerated. That's what The Insurance Insider found as it brought together a panel of leading figures from the island to discuss market conditions, quake models and Bermuda's position as domicile of choice for (re)insurers.
  • A year on from Lehman, the near collapse of AIG, and the Aon Benfield merger, our Monte Carlo panel gathered to discuss recovering (re)insurer balance sheets, the subscription market, broker choice and soft market fears.
  • Brit Insurance has hired former XL Capital chief processing officer Malcolm Beane as COO, effective from 21 September.
  • Reinsurers looking for bumper rate rises were once again left disappointed at the key 1.7 renewal date as adequate capacity carried over from last month’s Florida focussed renewal.
  • Guy Carpenter has appointed former XL Capital executive Henry Keeling as president and CEO of its international operations.
  • XL Insurance - the London-based subsidiary of Bermudian (re)insurer XL Capital - has promoted Neil Robertson to chief underwriting officer (CUO) for its global specialty business.
  • Former Aviva Group executive Patrick Snowball has been appointed as CEO of Australian financial services group Suncorp-Metway, effective 1 September.