June 2013/4

High profile London market producing broker Catherine Murray is set to join the expansive Chesterfield Group as an executive director to help with the expansion of the firm's North American business.

Revenues from commercial non-life insurance broking will rise by a fifth worldwide in the four years to 2016, driven by rising premium volumes as well as a growing tendency for businesses to use intermediaries when buying insurance, research firm Finaccord predicted today (24 June).

Fast-expanding Berkshire Hathaway Specialty Insurance (BHSI) has continued to build out its operations across the US with yet more senior industry hires in the last week.

Private equity firm Aquiline Capital Partners has reduced its holding in Validus and exited its investment in TigerRisk in recent months.

Nichols relocates to Zurich; GS-Ebix deal off; Hargreaves elevated; Ocean warming warning; Boris visits Lloyd's; BHSI hires from CNA

Liberty Mutual Insurance Europe Ltd (LMIE), part of Liberty Mutual Insurance Group's global specialty unit, is to target lead lines in the general aviation market through forming a new consortium.

Joseph Taranto will continue as chairman of Everest Re after he steps down as CEO at the end of the year, the Bermudian reinsurer has confirmed.

Arch will cease writing property insurance business out of Bermuda from the start of next month after losing two key underwriting executives

Tom Wafer, Adam Mullan, Greg Richardson and Andrew Cook have become the latest senior Alterra executives to leave after its takeover by Markel closed early last month, The Insurance Insider can reveal.

When an aircraft is taxiing before take-off and the stewards are warning of the mortal danger of lifejacket inflation inside the cabin and the wearing of stilettos on the inflatable exit ramp, one piece of genuinely useful advice never fails to register a knowing nod of recognition

Leading ILS fund manager Nephila Capital has temporarily shut its doors to new investment after adding another $500mn-$1bn of capital in the first half of 2013, in a sign that ILS funds are struggling to find attractive opportunities amid falling cat prices