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  • Bermudian (re)insurer Endurance Specialty Holdings last week announced Susan Patschak and Christopher Schaper as chief operating officer and head of reinsurance respectively at its Bermudian operating subsidiary.
  • Robert Benmosche, American International Group (AIG)'s new chief executive, will receive annual pay of $7mn in cash and shares and is in line for a bonus of $3.5mn a year.
  • QBE Europe has kicked off a 90 day consultation period with staff over potential redundancies as it looks at restructuring options for many of its support functions...
  • The 1/5 renewal for Virgin will be a bellwether on the health of the airline market following signs earlier this year that rates had finally stopped falling.
  • The US Supreme Court has reinstated an approximate $500mn settlement in an asbestos lawsuit against US insurance giant The Travelers Casualty Companies (Travelers).
  • ACE announced today a reshuffle of senior executives at its Bermudian and European operations, with current ACE Bermuda president and CEO Andrew Kendrick moving back to London to take on the role of chairman and CEO of ACE European Group.
  • The reserving crisis that has seen some of the industry's biggest players blighted by a series of heavy charges to financials in recent years appears to be easing, according to research by analysts at Morgan Stanley.
  • Total remuneration of chief financial officers across a sample of Bermudian (re)insurers and global brokers fell slightly in 2011, analysis by The Insurance Insider shows.
  • The expansive insurance group Brit announced this week that it has acquired renewal rights to the property insurance portfolio of Creechurch Underwriting, the small Lloyd’s insurer.
  • American International Group (AIG) has turned to another former head of a US insurance giant to chart the troubled waters after last September's government bailout, with the appointment of Robert Benmosche as its new CEO.