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  • Willis Re is losing Colin Kiddie, who headed the firm's ILW operations, to rival Guy Carpenter only a week after promoting the executive to head its specialty business.
  • UK insurer Brit has announced the appointment of two senior underwriters in its Property Treaty and Aerospace segments. At the former, Toby Stubbs joins the company’s Reinsurance Underwriting Centre as Property Treaty Underwriter from Aspen Insurance w
  • Fitch Ratings has put Brit Insurance on “watch negative” over fears that a private equity takeover could weaken the UK insurer’s financial profile. 
  • Flagstone Re expects claims from the New Zealand earthquake of $52.5mn net of reinstatement premiums and retrocession.
  • Giant German reinsurer Munich Re last week revealed its first net loss in 98 years as strong underlying underwriting performance was buried beneath deferred tax charges, goodwill writedowns for HVB, and higher than expected reserving at US subsidiary Amer
  • Aspen Insurance Holdings was the most active buyer of its shares during the first quarter
  • Agency relationship is at the heart of the dispute London market underwriters and brokers remain at loggerheads over new proposals for charging broker commissions, The Insurance Insider understands, with negotiations set to reach a critical stage in co
  • The California Earthquake Authority (CEA) hopes to reduce significant reinsurance expenses by breaking out from under the wing of risk warehouser Swiss Re to sponsor its first cat bond in 2011.
  • It was at least a year in development, but Paris-based IXIS Corporate and Investment Bank has finally launched its new Bermudian reinsurer and its insurance linked securities fund with some $600mn of capital.
  • Gabriel Bernardino, the chairman of the European Insurance and Occupational Pensions Authority (Eiopa), has given a stiff warning to national regulators about the dangers of the low interest rate environment.