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Reinsurance

Prince's Trust change

Julian Enoizi, president and chief executive officer, CNA Europe has been appointed as the new chair...

Allstate Financial CEO leaves

(BESTWIRE) - Two years after leaving life insurer Conseco to become the president and chief executive officer of Allstate Financial, James E. Hohmann is leaving the company on Jan. 5, US giant Allstate said.

Ironshore names new CEO

Ironshore has named Kevin Kelley its chief executive officer and Bob Deutsch its president, the company’s chairman, Ron Sandler, announced today.

AM Best assigns ratings to ZEP-RE

Kenyan reinsurer ZEP-Re has been given a financial strenght rating of B (Fair) and an issuer credit rating of "bb+" to ZEP-RE (PTA Reinsurance Company) (ZEP-RE). The outlook for both ratings is stable.

Axis Capital makes acquisition

Bermudian reinsurer Axis Captital said that it has agreed to acquire the business and operations of managing general agent Dexta Corporation Pty Ltd ("Dexta") from its shareholders, Ironbridge Capital, Dexta Holdings NV and other minority shareholders.

XL Re wins Brazilian license

XL Re, the global reinsurance operations of Bermudian (re)insurer XL Capital Ltd today said that it has received regulatory approval to serve the Brazilian insurance market as a local reinsurer incorporated in Brazil and regulated by Brazilian…

Heritage CEO resigns

The board of Heritage Managing Agency, a member of Bermuda-based Argo Group has announced that its chief executive officer, Richard Pexton, has resigned, effective immediately.

Omega to raise £130m to support growth

Omega Underwriting plans to raise £130m before expenses, conditional upon approval at a special general meeting. The company said it will utilise the net proceeds of the placing to support the group's underwriting activities.

Jones steps in at Everest Re

Everest Re Group has appointed Ralph Jones III to the position of president and COO, effective next Monday. He replaces Thomas Gallagher who becomes vice-chairman and chief underwriting officer.

Results round-up

Munich Re has remained upbeat about the prospects for the world reinsurance profit, despite booking ...

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