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July 2009/2
  • Aon appoints UK retail head
    Aon has moved swiftly to appoint a new CEO of its UK retail operations, naming Rob Brown to replace Peter Harmer - who will return to his native Australia in September.
    13 July 2009
  • Barbican secures flexible capital from Scor/Lloyds TSB to support '09 plan
    Barbican has emerged as one of a number of Lloyd's insurers adopting a flexible approach to meet increased capital requirements.
    13 July 2009
  • Swine flu tail risk for contingency market
    The London contingency market is facing a lingering exposure to event cancellation due to the swine flu pandemic.
    13 July 2009
  • Lloyd's embarks on major review
    Lloyd's is undertaking a major strategic review that will define its 2010 business planning, and which will be in place when the former Berkshire Hathaway executive Tom Bolt formally takes over as head of underwriting next year.
    13 July 2009
  • LMX market awaits crucial Equitas Brandywine decision
    On 2 July, the counsel for Berkshire Hathaway’s run-off vehicle Equitas, Alistair Schaff QC, told a packed UK courtroom at the end of the pivotal LMX spiral-related trial...
    13 July 2009
  • R&Q ends Pro acquisition talks
    The proposed sale of Swiss Re run-off unit Pro Insurance Solutions (Pro) to UK listed run-off acquisitions group Randall & Quilter (R&Q) is off after the parties failed to agree terms, The Insurance Insider understands.
    13 July 2009
  • Swiss Re's capital markets head leaves
    The head of Swiss Re's capital markets unit is the most high-profile casualty of the firm's ongoing overhaul of its insurance-linked securities (ILS) operations. 
    13 July 2009
  • London warned over European ambitions
    The Insurance Insider’s Cavell Norwich Rendez-Vous roundtable spurred a lively discussion over opportunities in Continental Europe and the potential for them to find their way to the London market.
    13 July 2009
  • Lloyd’s Names can finally 'sleep easy'
    Equitas, the $7.8bn legacy albatross that has hung around the neck of Lloyd's Names ever since its creation in 1996, can now be formally detached...
    13 July 2009
  • Marsh to shed a further 2,000 jobs
    Risk and Insurance Services global headcount set to fall below 25,000 amid tough US conditions; specialist units to be scaled back.
    13 July 2009
  • International digest
    AIG resumes talks to shed ALICO; Chubb reserves 'short of potential $2bn D&O loss'; US P&C insurance rates see moderate decline…; …But surplus slides again in Q1; Bryce retires...; ...as does Zeller; Ironshore in $300mn PE raise; Reinsurers rise to 1.7...
    13 July 2009
  • ILS and derivatives to gain Solvency II boost, says report
    Changes in the accounting treatment of insurance-linked securities (ILS) and derivatives are set to boost the convergence sector...
    13 July 2009
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