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Modest values likely to spur further (re)insurance M&A
PartnerRe's swoop for Paris Re has served as a reminder that while global (re)insurers are trading at below book or net tangible asset values, the temptation for premium-rated peers to turn acquirer for low-priced peers...
06 July 2009
Bryce IPC retirement confirmed, Weale takes over as interim CEO
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.
06 July 2009
Catlin names new CFO
Catlin Group replaced departing chief finance officer Chris Stooke last week with Swiss Re's former chief investment officer Benjamin Meuli.
06 July 2009
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
Airline insurers face 2nd biggest loss year on record
June looks set to be the costliest month for aviation insurers since September 2001, according to the latest report on the sector from broker Aon.
06 July 2009
AIG makes further progress with asset sales
American International Group (AIG) has continued to make steady progress on its non-core asset disposal programme over the last two months...
06 July 2009
LMX market awaits ruling on pivotal Equitas v Brandywine dispute
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.
06 July 2009
Hannover Re's Zeller retires
Hannover Re CEO Wihelm Zeller retired on 30 June as planned, after over 13 years with the company...
06 July 2009
Flagstone enters fray with late swoop for IPC
Swiss-domiciled 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.
06 July 2009
Flagstone's Swayne to return to Bermuda
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.
06 July 2009
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