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  • Omega Insurance Holdings Ltd bucked the recent trend of profit decreases and losses shown by (re)insurers in the first half of the year after reporting a 34 percent increase in post-tax profits.
  • Nick Foden-Pattinson, former director of reinsurance broker RK Carvill-subsidiary Carvill London Ltd, has joined RFIB Group Ltd.
  • Over the course of the Monte Carlo Rendez-Vous last week, the proposed senior management structure at Aon Benfield Re began to emerge once the two firms complete their merger later this year.
  • There are greater opportunities for acquiring and managing run-off and distressed portfolios in the US than in the London market, according to a senior figure at recently UK-listed run-off business Randall & Quilter Investment Holdings plc (R&Q).
  • Ex-Citigroup managing director Richard Spiro has been elected as the new CFO of The Chubb Corporation, replacing Michael O'Reilly who announced his retirement earlier this year.
  • Former Swiss Re director Eric Gao will head up Lloyd's Chinese operations, Lloyd's Reinsurance Company (China) Ltd.
  • Swiss Re led a fall in the stock values of global (re)insurers as the markets adjusted to the weekend shock of Lehman Brothers imminent bankruptcy and reports that global insurance giant American International Group (AIG) was seeking emergency funding of
  • Silence may be golden, but it cost AIG investors yet further pain today with the beleaguered insurer's stock halving in value this morning after the company failed to update the market on its rescue initiatives.
  • UK listed run-off firm Tawa plc has emerged as the front runner in the bidding war to acquire Travelers' long-tail run-off portfolio, Unionamerica Insurance Company Ltd, The Insurance Insider has learnt, after tabling a competitive bid earlier this month.
  • Lloyd's received a boost in its ongoing legal battle with refusenik Names after the High Court granted extended civil restraint orders against them.