May 2007/5

QBE Insurance (Europe) has merged its London casualty operations to create an £850mn premium-income underwriting unit.

Guy Carpenter & Co has appointed the former Benfield Group executive Charlie Fry as its global chief operating officer.

Specialist financial services investment bank Fox-Pitt, Kelton (FPK) announced a merger with its peer Cochran Caronia Waller (CCW) last week.

Insurers were given a stern warning about the state of the UK’s flood risk at the British Insurance Brokers Association conference in London last week. Professor David Crichton of Benfield’s Hazard Research Centre cautioned the industry that the UK’s Env

A good year driven by strong margins and a low loss environment were the main themes from trading statements released by four Lloyd's-based insurers last week.

Bermudian (re)insurer Validus Holdings Ltd has suffered its first major departure after taking over Lloyd's insurer Talbot Underwriting with deputy head underwriter Darren Redhead joining DE Shaw.

Seven insurers reached a $2bn settlement with World Trade Center (WTC) developer Larry Silverstein last week bringing to an end more than five years of litigation between the parties.

The laws of European Union countries are moving into line as the effect of insurance directives increases, according to a report by reinsurance broker Guy Carpenter and legal firm DLA Piper.

Bermudian headquartered PartnerRe confirmed last week that it has acquired the international reinsurance renewal rights of Mutuelle Centrale de Reassurance (MCR).

Marsh Inc has announced the creation of Marsh Oman LLC, a joint venture with the Omani business Zubair Group.

Increased capacity and a low loss record are combining to soften the energy market and prices will fall "a good deal further" in the absence of catastrophe losses, according to a report published by Willis Group Holdings last week.

Shares in Greenlight Capital Re leapt 21 percent after its debut on the Nasdaq electronic exchange trading exchange last week.