December 2007/1

Reinsurers have been warned about the costs arising from claims inflation in severe bodily injury claims.

Chicago-based global broker Aon Corp's consulting arm has appointed Mark Blumenthal as its new chief financial officer.

As the wide spread of the global credit crisis becomes clearer, more insurers are investigating protection against reinsurer default, according to reinsurance broker RK Carvill.

Montpelier Re has continued to build its US operations with the launch of a new direct property facultative division to write business on behalf of its Lloyd's Syndicate 5151.

Ping An Insurance, China's second largest life insurer, bought 4.18 percent of Benelux financial services group Fortis, at a cost of EUR1.81bn, last week.

Last week's Martinique earthquake looks set to trigger the Caribbean Catastrophe Risk Insurance Facility (CCRIF).

Takeover speculation again gripped reinsurance broker Benfield Group last week as an insurance analyst linked Aon Corp with a possible move for the UK quoted firm.

Marsh & McLennan Companies (MMC) should spin-off its Kroll consulting unit as well as the group's Mercer human resources business, according to a Canadian investment firm.

Reinsurers have been ordered to settle a $57mn disputed all risks reinsurance claim with global mining giant Anglo American’s captive insurance company Coromin.

Marsh UK has appointed Artur Niemczewski as chief executive of its Multinational arm, which comprises its large account practices and specialty businesses.

US hedge funds Steel Partners II and Carlson Capital are behind a new £75mn composite syndicate at Lloyd's.

UK businesses are facing an "unprecedented threat" from home-grown terrorism, Lloyd's has warned.