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  • Montpelier Re Holdings Ltd has appointed Christopher Harris to succeed founding CEO Tony Taylor who is stepping down this summer.
  • Gallagher Global Risks is set to bolster its international property team with the addition of Benfield broker Brian Fuller. Fuller will join Gallagher as director of international property and will be based in London.
  • Brit Insurance Holdings plc's Gibraltar based protected cell reinsurer, Rockhampton Insurance PCC Limited, which will provide reinsurance to the UK insurance group, has begun trading.
  • German insurer Allianz AG is to break up its Dresdner Bank division in a move that will enable it to divest its underperforming investment banking unit Dresdner Kleinwort.
  • Market analysts have responded positively to Lloyd's insurer Chaucer Holdings 2007 results and its recent strategy.
  • The opportunities afforded to French reinsurer SCOR from its acquisition of Converium still outweigh 'integration risks', according to analysts.
  • The US tax authority the Internal Revenue Service has reiterated its position on the cascading federal excise taxes (FET) that will apply to foreign (re)insurers on when the deal involves an underlying US risk.
  • The head of Aon Market Services for Asia has left the company, Insider Week has learnt.
  • As stock markets fell around the world, shares in troubled Bermudian giant XL Capital followed suit after the (re)insurer announced it had ended its two-year search for a successor to CEO Brian O’Hara with an external appointment.
  • Troubled Bermudian giant XL Capital has gone outside the firm to name Michael McGavick as CEO in place of Brian O’Hara.