June 2015/3

Helios completes acquisition; Fairfax shareholder meeting; Bach opus at Navigators; Farmers $80mn loss; Philadelphia acquires; CEO for QFC; Hardy loses Daws; RoEs in new norm; Novae reshuffles; Aegis London promotes; Ekstrom joins StartPoint; McConachie resigns; Standard Club syndicate targets Asia; AmTrust prices bonds; Mathias joins Fidelis; Ironshore hires Whitehead; CFC boosts K&R; Assurant exits health

Marsh & McLennan Companies last week hosted its Young Professionals' Global Forum in London.

Neil Mayes, CEO of UK facultative at Aon Benfield Fac, has become the latest executive to follow Paul Summers over to rival Guy Carpenter.

Russell Williams has been appointed executive director and head of specialty at RK Harrison's Bermuda division, The Insurance Insider can reveal.

Paul Lewis has quit his role as co-leader of Howden's construction division to take up a position at Alesco Risk Management Services, The Insurance Insider understands.

James Rowan, head of non-marine underwriting at Marketform, is set to leave the Lloyd's managing agency after almost 17 years, The Insurance Insider has learned.

Lloyd's broker RFIB will add a managing general agency (MGA) component to its business following its acquisition by San Francisco-based private equity firm Calera Capital, CEO Jonathan Turnbull told The Insurance Insider.

Richard Brindle's $1.5bn start-up carrier Fidelis will launch with an emphasis on reinsurance rather than specialty insurance, largely owing to his negative view on primary pricing.

Tokio Millennium Re wrote a EUR366mn ($479.5mn) loss portfolio transfer deal in July last year, as 2014 profits halved to $71.3mn.

Ariel Re CEO Tom Hulst is set to step down at the end of the month, just under a year after the firm's sale to BTG Pactual was announced, The Insurance Insider can reveal.

Reinsurance losses from the storms that hit the Australian state of New South Wales in mid April have been limited, The Insurance Insider understands.

When an underwriter with one of the best historical track records in our industry speaks, we should take note. And when that underwriter has a reputation as a formidable leader in a specific class we should take even greater care to write down and analyse what he or she has to say.