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R&Q releases £11mn from legacy London market reinsurer
Recently listed legacy specialist Randall & Quilter Investment Holdings plc (R&Q) is to release £11mn in capital from its Chevanstell Ltd unit.
04 February 2008
Houldsworth under fire in Gen Re finite trial
John Houldsworth, the former chief executive of Cologne Re Dublin, came under fire at the General Re finite trial with defence lawyers questioning his honesty, reliability and memory.
04 February 2008
Everest Re's combined ratio leaps after reserves boost
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.
04 February 2008
Allstate slashes reinsurance spend; net income falls
US insurer Allstate Corp has seen its reinsurance cost fall sharply after cutting back its catastrophe exposures.
04 February 2008
Bromley finally joins Aon Re
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.
04 February 2008
Carvill promotes Smith to lead property solutions division
Specialty reinsurance broker Carvill’s ReAdvisory arm has appointed Dr Steve Smith as president of its new property solutions division.
04 February 2008
FSA flags up wholesale concerns
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".
04 February 2008
Reserve releases drive Chubb earnings
Despite weaker market conditions, US insurer Chubb Corp saw its 2007 earnings grow on the back of strong reserve releases.
04 February 2008
AIG settles Spitzer related lawsuits
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...
04 February 2008
Cooney returns with Aon Capital Markets role
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.
04 February 2008
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