December 2007/1

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

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

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

The forecasts for Bermuda-headquartered Hiscox Ltd's Syndicate 33 remained steady when the firm reported last week.

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

The merry-go-round of facultative reinsurance broker moves continued last week as Guy Carpenter announced the appointment of Willis broker Catherine Kim.

French reinsurer SCOR SA successfully closed its EUR160mn Atlas IV cat bond transaction, taking its tally of insurance linked securities deals to five.

Prudential's UK division has entered into a 15 year outsourcing contract, which is expected to be worth £722mn, with Capita Group plc.

AIG UK Ltd, one of the UK’s largest commercial non-life insurers, has appointed two new industry heavyweights to its board as part of its transformation into a multi-billion pound, FSA authorised insurance company.

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

Ratings agency Moody's Investor Services has assigned ratings of Ba1, Ba3 and B3 to the three debt tranches in Bermudian (re)insurer XL Capital's new Cyrus Re II sidecar vehicle.

Marsh Inc has completed its search for a new chief executive with the appointment of Daniel Glaser.