August 2009/1

Cracknell appointed head of Aon Marine in UK; JLT Aerospace recruits Willis aviation chair as partner; Evolution adds to board, relocates...

Cooper Gay acquires 100% of Brazilian arm; QBE to acquire Elders; RK Harrison announces restructure...

Fast-expanding insurer Torus Holdings has appointed Naveen Anand - CNA Insurance’s former senior vice president of commercial insurance - as global chief operating officer...

Parkton Re Ltd, the cat bond put together for North Carolina's state wind pool, has become the latest 2009 issue to upsize as it increased from a planned $125mn to $200mn on closing.

Hannover Re's latest catastrophe bond, Eurus II, closed on the 29 July, providing the reinsurer with EUR150mn of European windstorm cover and taking overall 2009 cat bond issuance to $1.8bn.

A US federal judge has upheld a jury verdict for United National Insurance Company (UNIC) in a reinsurance spat with Aon Ltd, and added $8.3mn in prejudgment interest to the amount the jury awarded...

The House of Lords last week ruled that accountancy firm Moore Stephens is not liable for a failure to unearth an $89mn fraud at a commodity trader that it audited.

Expansive Bermudian insurer Ironshore has grown its global property division by establishing a dedicated global energy property business.

The landmark House of Lords decision to unanimously re-confirm the principle that a period clause is fundamental to an English legal reinsurance contract has been praised as a "victory for common sense".

RK Harrison has said that the Lloyd's broker Bowood Holdings, which it acquired in October 2008, will become the group's specialist delegated authority broker from 1 October this year...

A London-based energy team focused on UK independents are leaving Aon to join the Global Energy division at rival broking giant Willis, The Insurance Insider understands.

Shares in Fairfax Financial Holdings traded up 5 percent Friday (31 July) after the Canadian combine unveiled a net profit of $275.4mn for the second quarter.