Banking giant HSBC has approached Peter Hancock, the former boss of insurance titan American International Group, as it searches for a successor to its outgoing CEO, according to a Bloomberg report.
Coverys, which announced the acquisition of Randall & Quilter (R&Q)'s Lloyd's managing agency late last month, bought the business as the first step in driving growth within the London market, according to its CEO.
Fairfax put the Latin American reinsurance market to the test as it sought up to $200mn of cover for a number of businesses in the region that it acquired from AIG late last year, The Insurance Insider understands
Jennifer Schaeffer has joined JLT Specialty USA from rival Aon, where she advised on a range of risk transfer projects for high-growth pre-IPO and Fortune 500 companies.
