June 2008/3

Space insurance underwriters are facing the prospect of yet another loss with the failure of a Kazakhstan communications satellite in orbit, The Insurance Insider revealed last week.

Jardine Lloyd Thompson Group Plc (JLT) has acquired HWS Holdings Ltd (HWS) with its two Lloyd's broker subsidiaries for up to £8.75mn, as predicted by The Insurance Insider.

Martin Sullivan's tenure at the helm of American International Group (AIG) ended yesterday (15 June) as the veteran was replaced by chairman Robert Willumstad after 35 years at the US insurance giant.

QBE the Americas president and CEO Tim Kenny has taken three months leave of absence from the insurer for personal reasons, The Insurance Insider can reveal.