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  • John Charman will stay on as CEO and president of AXIS Capital Holdings Ltd for at least a further year after the Bermudian (re)insurer extended his contract to 31 December 2009.
  • China Reinsurance Group, the country's largest reinsurer, is planning an initial public offering (IPO) after inviting "strategic" investors to buy stakes, according to a statement from the company last week.
  • Bermudian (re)insurance group Arch saw its 2010 profits fall by only 4 percent, in contrast to many of its rivals.
  • Achilles, the acquisition vehicle for Apollo and CVC's £880mn ($1.4bn) buy-out of Brit Insurance, has made its offer of up to 1,100p per Brit share unconditional after it lowered its acceptance threshold to 80 percent.
  • Swiss-domiciled (re)insurer Allied World is reserving for net losses of between $30mn and $40mn on the second New Zealand quake
  • Marsh Inc – the broking giant which parted company with its chief executive Brian Storms suddenly this month – is looking to appoint an external candidate to replace him, The Insurance Insider understands.
  • Aspen Re, the London market reinsurer spun-out of the Lloyd's insurer Wellington Underwriting last year, is planning to reward its private equity backers by floating in the US later this year. Although less than a year old, Aspen plans to follow in the
  • The UK Financial Services Authority (FSA) has censured The Underwriter insurance company and fined its former CEO Keith Rutter £20,000 for circumventing FSA regulations in 2001 and 2002.
  • Following approval from the China Insurance Regulatory Commission, XL Capital Ltd has opened a representative office in Beijing, the company revealed on 30 January 2006. The company says the opening of the office demonstrates its commitment...
  • The (re)insurance sector will watch developments in Bermuda with interest over the coming weeks after premier Ewart Brown called a general election for 18 December.