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  • ACE Group has expanded its presence in the Middle East with the launch of two new subsidiaries.
  • Arch Capital Group has announced a new chairman and CEO for Arch Worldwide Insurance Group, following news it is to start a $500mn share buyback scheme.
  • Bermudian PartnerRe has announced two senior management changes to its non-US global operations.
  • Florida insurance commissioner Kevin McCarty has stayed an order suspending Allstate's ability to sell new business in the state, according to reports.
  • Cayman Islands-based reinsurer Greenlight Capital Re revealed its losses more than halved in the first quarter compared to the same period last year.
  • American International Group (AIG) CEO Martin Sullivan was given the vote of confidence by the company's board last week, despite growing pressure from investors after two consecutive quarters of record losses.
  • A New York Federal court has dismissed fraudulent misconduct claims against Cavell USA Inc – an affiliate of Brandywine owner Randall & Quilter – and its chairman Ken Randall brought by US run-off insurers Seaton Insurance Company and Stonewall Insurance
  • Aspen Insurance Holdings Ltd has announced a $300mn share buyback, which will include a deal to repurchase around 4.1 million shares from one of its founding private equity backers, Candover Partners Ltd.
  • Brit Insurance Holdings Plc said sub-prime related claims are developing in line with expectations in its interim management statement to investors.
  • Amlin became the latest Lloyd's insurer to confirm that its premium income is falling amid the softening market conditions.