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July 2009/1
  • Guy Carpenter redresses balance of power
    Guy Carpenter took further steps to bolster the management of its non-US operations last week, as it looks to redress the shift in its powerbase to New York that began early last year.
    06 July 2009
  • Catlin leads Italian train crash reinsurance
    Catlin Group is understood to be the leader on the liability reinsurance programme for Italian train operator Ferrovie dello Stato, following a crash in the Tuscan city of Viareggio on 29 June.
    06 July 2009
  • Cooper Gay moves closer to IPO endgame with appointment
    London-headquartered (re)insurance broker Cooper Gay has edged closer to its desire for a public listing, with news that it has appointed UBS as adviser.
    06 July 2009
  • Hartford sues Arch over Financial Products 'raid'
    The Hartford Financial Services Group has filed a lawsuit against Bermudian Arch Insurance and three former employees, claiming Arch "conducted an unlawful corporate raid" by hiring over 60 managers, underwriters and employees from its New York subsidiary
    06 July 2009
  • UK non-life sector misses out on Q2 FTSE bounce
    After a first quarter in which it outperformed the FTSE All Share index total return, the UK non-life insurance sector has failed to pick up on the widespread bounce in the equity markets in Q2.
    06 July 2009
  • Omega deploys excess capital with buyout
    Lloyd's and Bermuda (re)insurer Omega Insurance Holdings declared its Names capacity buyback initiative a success last week, after receiving acceptances of approximately £45.7mn of capacity.
    06 July 2009
  • Aon turns to Brown to drive UK performance
    Aon moved swiftly to appoint a new CEO of its UK operations, naming Rob Brown to the position.
    06 July 2009
  • 1.7 renewal 'orderly' as capacity fears continue to ease
    The key 1.7 renewal date carried on the trend set at the 1.6 Florida-focused renewal, with reinsurers looking for bumper rate rises left disappointed...
    06 July 2009
  • Airline insurers face 2nd biggest loss year on record
    June looks set to be the costliest month for aviation insurers since September 2001, according to the latest report on the sector from broker Aon.
    06 July 2009
  • XL replaces London head
    XL Insurance - the London-based subsidiary of Bermudian (re)insurer XL Capital - has named Neil Robertson as replacement for the recently departed chief underwriting officer (CUO) of its global specialty business...
    06 July 2009
  • Europe's P&C big guns target life; reinsurance capital renaissance continues
    The resurgence of reinsurance as a stable form of capital is seeing Europe's P&C reinsurance giants enter into more transactions with stretched life insurers.
    06 July 2009
  • Willis faces $1bn Stanford class action
    US law firms Strasburger & Price and Castillo Snyder have filed a class action lawsuit in the US Federal Court against Willis Group Holdings, seeking $1bn in damages.
    06 July 2009
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