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  • Bermudian reinsurer Everest Re reported a 21-point deterioration in its combined ratio for the fourth quarter after its larger-than-expected asbestos charge to reserves.
  • US insurer Allstate Corp has seen its reinsurance cost fall sharply after cutting back its catastrophe exposures.
  • Geoff Bromley, the former chairman of Guy Carpenter's European and Asian operations, has joined Aon Corp after serving a long notice period following his resignation last year.
  • Specialty reinsurance broker Carvill’s ReAdvisory arm has appointed Dr Steve Smith as president of its new property solutions division.
  • UK regulator the Financial Services Authority (FSA) warned last week that it is scrutinising the wholesale broking industry and called on the sector to implement the necessary "culture change".
  • Despite weaker market conditions, US insurer Chubb Corp saw its 2007 earnings grow on the back of strong reserve releases.
  • American International Group (AIG) settled lawsuits by nine states and the District of Columbia for $12.5mn last week that sprang from the former New York attorney general Eliot Spitzer's investigations...
  • Aon Corp has hired the former Max Re chief executive Bob Cooney as managing director of its Capital Markets division, the unit which provides structured finance and capital markets products to the (re)insurance industry.
  • AJ Gallagher & Co's (AJG) new onshore/offshore energy and utility broking subsidiary is set to welcome the latest addition to its team - Neil Jurd, who has resigned from JLT Agnew Higgins, Insider Week understands.
  • Towers Perrin has strengthened its reinsurance team with three key appointments in Bermuda and France.