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  • RSA's UK chief executive Bridget McIntyre is stepping down, to be replaced by current chief operating officer Adrian Brown.
  • William Stovin has replaced the US-bound Gerry Albanese as president and COO of Markel Corporation’s London subsidiary Markel International.
  • Swiss-domiciled reinsurer Paris Re Holdings Ltd posted improving results for the first half of 2008, with net income up by around a third to $150.6mn despite taking a $14.2mn hit from Windstorm Emma.
  • Ratings agency Moody's Investors Services said it would be assessing the impact on the credit profiles of FGIC Corp and MBIA Insurance Corporation following their $184bn reinsurance coverage deal.
  • Lloyd's insurer Chaucer Holdings plc reported a heavy slump in half-year profits as it was hit by the double whammy of heavy claims and difficult investment conditions.
  • UK insurer Liverpool Victoria Insurance Company Ltd (LV) has emerged as the bidder for UK motor insurer Highway Insurance Group plc.
  • US giant American International Group Inc (AIG) could face third quarter losses reaching as high as $6.5bn at its troubled financial products division (AIGFP) as the credit markets continue to weaken, according to Credit Suisse analyst Thomas Gallagher.
  • Allianz has finally shed its under-performing banking unit Dresdner Bank for up to EUR9.8bn to German banking group Commerzbank.
  • There are signs of hardening in the marine market with Protection & Indemnity (P&I) and the Scandinavian hull sectors showing firmer rates, according to a report by the broker Willis Group Holdings.
  • Bermudian CastlePoint Reinsurance Company Ltd has agreed a $135mn deal to buy US excess and surplus (E&S) lines and admitted insurer Hermitage Insurance Group.