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  • Aeolus Re looks set to become the latest reinsurance vehicle to land on Bermudian shores, Insider Week can reveal.
  • John Byrne, formally of Gen Re subsidiary Cologne Reinsurance (Dublin) Ltd, has been banned from operating as a reinsurance specialist in the UK and Australia for five years as a result of his involvement in a series of financial reinsurance transactions.
  • French reinsurer SCOR has heralded last Wednesday's (19 July) launch of its EUR350mn subordinated bond issue to part-fund its Revios acquisition a "great success".
  • London-based reinsurance broker Cooper Gay has renamed its US domestic treaty operation following the departure of the unit's co-founder Michael Cashman less than a year after joining the firm.
  • The relentless quest by (re)insurers to manage down their reinsurance exposures is thought to have inspired a new approach to crystallising the industry's recoverables, Insider Week can reveal.
  • Munich Re said last week that it has recruited Ludger Arnoldussen from rival Swiss Re to its management board with responsibility for its Asian, Australasian and Africa division.
  • US commercial insurance rates continued to fall in the second quarter of 2006 with some of the steepest declines being felt among the medium to large commercial accounts.
  • Lloyd's syndicates will have access to a pool of securitised reinsurance capacity next year with the creation of Thunderbird Re, a Cayman Islands domiciled special purpose reinsurer.
  • Aviva plc has received regulatory approval to open another office in China bringing its total of offices in the country to 13.
  • Despite flat revenues for the first half of the year, the Arab Insurance Group said it experienced a 34 percent climb in interim net profits to $8.6mn.