News – Page 529
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Electro Re downgraded
Alcatel-Lucent reinsurance subsidiary downgraded by AM Best to "bbb"
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ACE hires AIG exec
Brian Witzmann, formerly of American International Group, has joined ACE USA
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Swiss Re sells off UK life operations
Swiss Re has announced the sale of its life operations, acquired during the takeover of GEIS last year.
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Benign year puts Bermuda back on track
Bermuda enjoyed its most profitable year ever in 2006 in an environment of high pricing and no hurricanes
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SCOR delays Converium bid again
SCOR announces a two week delay to the start of its bid for Converium due to regulatory concerns
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Heath Lambert settles poaching claims with Aon
Heath Lambert has reached a settlement with Aon relating to allegations that it poached 25-30 Newcastle-based Aon employees
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Paris Re to IPO
The former reinsurance arm of AXA Re has confirmed its initial public offering plans
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China International Reinsurance outlook revised
Fitch has revised the outlook on China International Reinsurance from negative to stable
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EMB Japan opens for business
Reinsurance consultancy EMB has opened a subsidiary in Japan
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Transatlantic elects additional member to its board of directors
Ian Chippendale, fomer chairman of RBS Insurance, joins the board
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Transatlantic Reinsurance elects new officers
The board of directors elects members in its New York, Buenos Aires, Miami and Paris offices
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UPDATE: Munich Re issues €1bn bond
Munich Re will issue a bond as part of its active capital management in its Changing Gear programme
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AM Best affirms ratings of Amlin
Amlin now has a credit rating of "bbb+" with a revised outlook of positive
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QBE to launch casualty division in 2008
QBE European Operations has announced the formation of a Casualty Division
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XL subsidiary downgraded
AM Best has affirmed the ratings of XL Capital but downgraded those of its life insurance subsidiary
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RAA backs reinsurance regulation bill
Bill to introduce single framework for reinsurance regulation gets RAA backing
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PXRE calls special meeting to discuss merger
PXRE shareholders to vote on planned merger with Argonaut
