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  • After a tumultuous six months, the Board of directors of Swiss reinsurer Converium have replaced chief executive Dirk Lohmann with the company’s managing director Terry G Clarke.
  • Max Re’s decision to focus more on traditional reinsurance has inspired the reinsurer to reshuffle its senior management. Former ART vice-president John Doucette has been appointed president and chief underwriting officer of Max Re Ltd’s reinsurance divis
  • Zurich Financial Services Group (ZFS) has named ex-Converium Holdings CEO Inga Beale as head of organisational transformation and mergers & acquisitions with effect from 1 January 2008.
  • The first breakthrough in passing meaningful tort reform in the US came on Friday (18 February) as President George Bush signed the Class Action Fairness Act into law in the first bill signing ceremony of 2005.
  • Zurich Financial Services Group (ZFS) has named ex-Converium Holdings CEO Inga Beale as head of organisational transformation and mergers & acquisitions with effect from 1 January 2008.
  • AXIS Capital Holdings Ltd (Axis) announced strong results for the first quarter 2007, citing new reinsurance business in the US and Europe as the main driver.
  • Swiss Re expects its net losses from the European windstorm Kyrill to be around EUR140mn and gave an overall loss estimate for the industry at the lower end of predictions.
  • Former XL Capital Ltd’s chief financial officer Robert Lusardi is to join White Mountains’ senior management team as executive vice-president and managing director.
  • David Priebe, the president of Guy Carpenter Europe, has replaced Keith Fenwick as the chief executive of Guy Carpenter’s UK operations.
  • Lloyd’s insurer Kiln plc is planning to expand its 2007 capacity to over £1bn – making it one of the largest Lloyd’s insurers by stamp.