August 2010/3

Chartis is the lead on the $30mn hull cover for a passenger plane that broke in two while landing in Colombia, The Insurance Insider can reveal.

Keogh promoted to vice chairman at Ace...

The timetable for introducing Solvency II has been called into question as large numbers of staff leave UK regulator the Financial Services Authority (FSA) ahead of its abolition.

Concerns are being raised that capacity in the traditional energy market will not be enough to meet future requirements.

Reinsurance broker Guy Carpenter has boosted its Bermuda team by signing up ex-Deutsche Bank convergence executive Erik Manning, confirming reports from sister publication Trading Risk that tipped the island as Manning's next destination.

Catastrophe bond issues may now reach $4bn-$6bn for 2010 after a bumper second quarter, according to revised forecasts from broker Guy Carpenter.

Ace Group is understood to lead the estimated $360mn Saudi Arabian Airlines warehouse loss, which is the largest aviation claim so far this year.

The Federal Reserve's latest economic stimulus measures threaten to extend low interest rates and put further pressure on P&Cinsurers' profits, stockbroker Collins Stewart has warned.

Expansive agency Dual International has signed up Hiscox to provide up to 25 percent of capacity for its global portfolio.

Lloyd's takeover target Brit Insurance has ended its search for a group finance director by hiring former Zurich Financial Services (ZFS) senior executive Scott Egan to replace Matthew Scales.

The UK government has recruited Lloyd's chairman Lord Levene of Portsoken to lead a high-level reform unit at the Ministry of Defence (MoD).

Ironshore International's Pembroke Syndicate 4000 at Lloyd's is the latest insurer to try and exploit heightened demand for liability cover in the oil and gas sector, as it introduces a wide-ranging professional indemnity product for the industry.