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ACE expands Middle Eastern operations
ACE Group has expanded its presence in the Middle East with the launch of two new subsidiaries.
19 May 2008
Arch Worldwide reveals new chief; announces $500mn share buyback
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.
19 May 2008
PartnerRe names new global CEO and chairman
Bermudian PartnerRe has announced two senior management changes to its non-US global operations.
19 May 2008
Florida stays Allstate ban
Florida insurance commissioner Kevin McCarty has stayed an order suspending Allstate's ability to sell new business in the state, according to reports.
19 May 2008
Greenlight Re Q1 losses decrease
Cayman Islands-based reinsurer Greenlight Capital Re revealed its losses more than halved in the first quarter compared to the same period last year.
19 May 2008
Sullivan gets AIG vote of confidence
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.
19 May 2008
New York court dismisses fraud case against Cavell USA
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
19 May 2008
Aspen in $300mn share buyback
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.
19 May 2008
Brit says sub-prime projections on track; appoints new lead underwriter
Brit Insurance Holdings Plc said sub-prime related claims are developing in line with expectations in its interim management statement to investors.
19 May 2008
Amlin sees revenues fall
Amlin became the latest Lloyd's insurer to confirm that its premium income is falling amid the softening market conditions.
19 May 2008
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