May 2012/3

Colemont Global's Lloyd's arm, Colemont Insurance Brokers Limited (CIBL), saw revenues decline by 27 percent in 2011 as the loss of its aviation team deprived it of its biggest revenue stream.

US M&A activity continues to be beset by litigation, although early 2012 activity is running slightly behind trend, a report from Cornerstone Research and Professor Robert Daines of the Stanford Law School shows.

In the eight years of account from 2002 to 2009 the average Lloyd's Name enjoyed a five-fold increase in the total value of their investment, data from the Association of Lloyd's Members (ALM) shows.

Lloyd's received its first long-term strategic plan last week as chairman John Nelson revealed a growth plan predicated on the London market tapping into emerging market expansion.

Omega chairman John Coldman safely negotiated a vote on his re-election with only a small minority of voting shareholders in opposition, despite the company's well-documented travails.

Flagstone Re's board will pass another key milestone in the company's history when it considers the long-term ownership ahead of the group AGM on Friday (18 May), with pressure for an announcement growing.

Liability claims from the loss of a prototype Russian aircraft on a demonstration flight could be covered in the Russian market, but reinsurance protection remains uncertain, The Insurance Insider has learned.

Property insurers for major automobile manufacturers are on standby for contingent business interruption (CBI) claims after a fatal fire halted production at a key plastics supplier earlier this year.

Tornado losses have reached $3.48bn for the 2012 season to date, including one $1bn+ event.

Many reinsurers are still talking up the mid-year US property cat market and insist that the 10-15 percent rate increases seen at 1 January can be replicated, but the first cracks in the façade of market confidence have become apparent.

Guy Carpenter will host a gala night in London on 14 June for up to 1,000 young professionals and industry CEOs operating in the global P&C (re)insurance markets.

MMC's reinsurance broking arm Guy Carpenter has reshuffled its senior management with the appointment of Andrew Marcell as CEO of its US operations and Pete Chandler as the platform's chief operating officer.