June 2009/4

Last week's move by Swiss Re to sell its US asset management arm Conning & Co to Jeff Greenberg-run private equity firm Aquiline Capital Partners LLC should help increase its capital buffer.

Aon has confirmed that UK CEO Peter Harmer is set to return to Australia at the end of September...

Maurice "Hank" Greenberg took the stand for two-and-a-half days last week after being called as a witness for the prosecution in a trial federal civil trial between his former and current charges...

London market (re)insurance broker Cooper Gay (Holdings) Ltd has taken a decisive step towards its ambition of a public listing with the imminent arrival of two City heavyweights that have recently stepped down from Benfield Group.

After 2008's bleak investment conditions, Flagstone Re has piled out of equity investments and now has 34.5 percent of its portfolio invested in US Treasury Inflation-Protected Securities, or TIPs...

Spanish state-funded national catastrophe and terrorism fund the Consorcio de Compensación de Seguros (CCS) and Spain’s insurance trade body, Unespa, have signed a reinsurance agreement...

The great and the good of the convergence sector are dusting off their dinner jackets in preparation for the inaugural Trading Risk 2009 awards later this week, with competition fierce for the eight award categories.

Willis Group Holdings confirmed last week that it was in discussions over selling a portion of its interest in privately held French broker Gras Savoye & Cie.

Allen Stanford, CEO of fraud-hit banking and investments group Stanford Financial, was accused of running a $7bn scam to defraud investors, as the FBI filed criminal charges against the colourful Texan and several of his associates.

UK outsourcing giant Capita is set to appoint Edward Creasy, chairman of Tokio Marine subsidiary Kiln plc, to the board of its insurance services arm as a non-executive director, The Insurance Insider can reveal.

On 24 June, the UK High Court will be asked to approve the historic Part VII transfer of all Equitas' remaining liabilities - now comprising some $7.8bn – in a deal which could finally allow Lloyd's Names to "sleep easily at night".

Pact to speed claims settlements reached; Crawford relaunches UK claims solution brand; Risking it all?; XL adds to UK employers' liability product...