August 2009/3

CNA Financial Corporation has appointed John Hennessy to replace Julian Eniozi as head of its European operations, with a mandate to grow its European distribution.

Lost and found cargo ship Arctic Sea is insured for crew-related risks with Russian insurer Ingosstrakh.

American International Group (AIG)'s $200mn D&O insurance policy is set to pay a $115mn loss, after it was reported that former chief executive Maurice 'Hank' Greenberg and five other defendants have agreed to settle a shareholder lawsuit.

US insurer WR Berkley has launched a new unit to write commercial cover in the US Pacific northwest market.

French reinsurer Scor's financial strength has not been affected by the current economic turmoil, said ratings agency Fitch, as it maintained financial strength and debt ratings at A.

Lloyd's has received its third rating confirmation in a month.

The British Insurance Brokers' Association (BIBA) has said that Mike Slack stepped down from its board at the end of July, after seven years.

Aon Global Insurance Managers, a division of Aon Corporation responsible for captive management, has announced a shake-up of its leadership structure by streamlining its existing set-up into three separate hubs.

Insurers have put up the specie insurance industry's biggest ever reward as they attempt to track down the Graff robbers and their loot.

The Lloyd's Exchange has gone live with its first intra-market message.

Broking giant Aon has lost yet another senior aviation executive, this time to Willis, after its former executive vice president of Los Angeles and Chicago operations, Stephen Kisor, joined the rival broker.

Towers Perrin has named Derek Keating as an executive director of its London reinsurance brokerage business, effective 1 September.