June 2013/3

Marine broker Mark Cracknell is set to join JLT after his departure from Aon earlier this year amid a reorganisation of the marine and energy units.  

Two of Graeme Moore's former colleagues at Aon Benfield have left the broker to join him at Willis Re. The executive - a major producer of London market reinsurance business - marks one of the highest profile departures from the broking giant since the $1.4bn Benfield acquisition in 2008

XL senior casualty underwriter Colin Ivory is to leave his role at the firm's UK middle-market team following the resignation of his former boss Denis Burniston.  

Scor-backed Channel Syndicate has hired Kade Spears from Aspen to write a new book of credit and political risk business, The Insurance Insider can reveal.

Mario Greco - the executive parachuted in to lead the turnaround at Italian insurer Generali last year - has continued to sell-off the firm's non-core and sub-scale assets.

Bidders for Lloyd's reinsurer Cathedral had to submit a bid in the region of £200mn last week to stand any chance of progressing to the second round of the sales process, The Insurance Insider understands.

Berkshire Hathaway has confirmed the launch of its new specialty insurance unit, with CEO Warren Buffett warning competitors that the company is targeting substantial long-term growth in the sector.

Despite the widespread view of cyber insurance as a potential growth market, senior Lloyd's executive Tom Bolt warned last week that he was "not confident" about the market and that the risks are "not priced correctly".

Former Lloyd's CEO Nick Prettejohn will step down from the chairman's role at Brit Insurance over conflicts of interest...

Members' agent Argenta is hoping to raise in excess of £20mn-£25mn for its new VisionRe Lloyd's investment vehicle, which would allow it to write about £50mn of premium income next year

QBE Europe is set to unveil a reorganisation that will see its operations re-aligned along wholesale and retail lines…

Allianz, Hannover Re and Generali have reported EUR600mn+ of losses from the recent flooding in Central Europe, but for the most part reinsurers are viewing the event with detached unconcern.