April 2009/3

Global broker Aon Risk Services (ARS) has unveiled a powerful real-time global trading platform under the banner of Global Risk Insight Platform (GRIP).

As the US property and casualty (P&C) industry converges on Orlando, Florida, for the annual RIMS conference, one of the key themes is the impact the economic crisis is having on the market.

The Florida Hurricane Catastrophe Fund (FCHF) has decided not to buy private reinsurance in 2009 or renew the put option it bought from Berkshire Hathaway, The Insurance Insider understands.

Lloyd's insurers may be poised to benefit from a change in the UK government's tax treatment of their equalisation reserves, as the UK budget fast approaches (22 April).

The leveraged UK broker consolidator Towergate Partnership has refinanced its long-term banking facilities – a move that it says will enable its strategy of growth through acquisition to continue.

Ironshore continues AIG harvest with new property executive; QBE finally appoints US CEO; Chubb promotes London; EQECAT appoints new senior VP manager; Willis appoints Sweden CEO; Colemont hires new aviation CEO...

Lloyd’s opens Brazil office; Mitsui Sumitomo branches out to Eastern Europe; Beazley completes acquisition of First State...

German regulator BaFin is set to give its verdict on German hedge fund Augur Capital's EUR20mn acquisition of Deutsche Versicherungs- und Rückversicherungs-AG (DARAG) later this week, The Insurance Insider understands.

Rates on US catastrophe-exposed lines are set to rise by a further 10-20 percent at the key mid-year renewals as a result of capacity scarcity, according to analysts at London-based stockbrokers Execution Ltd. The report adds that...

AIM-listed broker THB Group plc is poised to appoint the former Marsh UK executive Stephen Matanle as the head of its largest division – Lloyd’s broker Thompson Heath & Bond (THB), as first revealed by The Insurance Insider.