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  • There were more developments at besieged Swiss reinsurer Converium last week with the news that Group CFO Martin A Kauer had handed in his resignation and would be leaving the company early 2005.
  • Guy Carpenter has recruited marine specialist Tony Pointing, until recently the head of Aon's ReSpecialty Marine and Energy team in London, to become the new head of the reinsurance broker's Marine and Energy Non-Americas division.
  • Catlin looks set to continue the trend for preferring London to New York for insurance IPOs, according to sources.
  • Lloyd's broker Howden has appointed its co-founder Mark Pangborn to the position of deputy chairman. Pangborn set up Howden in 1994 and, together with the broker's CEO Tim Coles, led the formation of Howden Risk Partners in 2002, which specialises...
  • Reinsurance broker Guy Carpenter has seen Q3 underlying revenue fall 10 percent year on year as reinsurance premiums continued to fall, while sister company, global broker Marsh, managed to grow underlying earnings 1 percent during the period.
  • Little over a week after receiving a request for information on the sale of its “non-traditional or loss mitigation insurance products” from the Securities and Exchange Commission (SEC), Berkshire Hathaway unit General Re revealed last Thursday that it ha
  • A US bankruptcy judge has approved The Travelers Cos’ settlement of one of its largest asbestos cases for a total of $449mn.
  • A new online quoting engine specialising in D&O liability insurance for small to medium size enterprises has been launched.
  • Germany’s Hannover Re received a boost last week with the news that ratings agency Standard & Poor’s (S&P) has upped its outlook on the reinsurer from negative to stable to reflect its improved reinsurance recoverables position.
  • Bermudian (re)insurer XL Capital has appointed Brian Nocco as its new chief financial officer.