June 2014/3

Conflicts between brokers and underwriters are one of the main roadblocks to innovation in the London market, speakers at the Verisk Executive Summit and Risk Symposium claimed today (16 June).

Aon acquires; AJG completes; 1347 fundraising; Dual COO; PartnerRe affirmed; BHSI surety; Novae hire; RSA promotes; Castel appoints; Balbinot stays; Liberty expands; Charles Taylor recruits; Endurance crops; Tysers profits; AJG acquires; Axis cut; Motor measures; Heritage acquires; New CEO; AIG bank; Swiss Re buys

Bermudian and Lloyd's carrier Validus is in exclusive talks with Western World and looks set to conclude a deal valuing the US insurer at approaching $700mn in around a fortnight, The Insurance Insider revealed last week.

Are CEOs in our sector all greedy dictators out to line their pockets at the expense of shareholders?

QBE has parted company with Doug Bennett, the head of programme business at its troubled North American operation, The Insurance Insider can reveal.