Carrier

The review of the operations comes as Axa seeks buyer for Central and Eastern European operations.

Demotech’s actions expected to have only a minimal net impact on reinsurance demand.

The executive will replace Graham Evans, who is to leave after seven years.

The tort-challenged carrier's shares fall sharply despite favourable reserve development.

The move comes amid a focus on underwriting profitability at the German carrier.

The rating agency says the French mutual has the capital strength to cope with sizeable acquisitions.

The carrier is to book $140mn of weather-related losses and $29mn from agricultural reinsurance.

The Asia Pacific CEO’s departure from the general insurance division follows the exit of Chris Townsend earlier this month.

The executive was previously vice president of property and multiline treaty at PartnerRe

The underwriter was one of the staff to leave Barbican following the Arch acquisition.

Gerry Alonso is also promoted to division manager of middle-market property business AFM.

Katy Bradica returns to the carrier after nine months as AIG’s chief actuary for North America, while Mary Latham joins from Beazley.