May 2013/3

Newly acquired UK motor insurer Equity will make around 200 members of its workforce redundant as it seeks to rein in the expense base that helped cripple the business.

Fast-growing Californian broker Edgewood Partners Insurance Center (Epic) has lured senior property executive Jonathan Griffiths from Aon to head up its national real estate practice, The Insurance Insider can reveal.

Willis Capital Markets & Advisory (WCMA) has expanded into Asia with the hire of Michael Guo as managing director and head of Asia.

Private equity-backed Lloyd's (re)insurer Canopius has hired the casualty treaty underwriter from Liberty Mutual's Lloyd's syndicate, The Insurance Insider can reveal.

Gallagher International has provided another sign of its intentions to build in Latin America by hiring Aon Benfield's former head of Chilean operations Lionel Soffia, The Insurance Insider reported last week.

Dull blue chips will be the least bad option for investors looking for shelter in the continuing low-yield, low-return global investment environment, London market industry leaders heard last week.

Endurance expands; Texan tornados; Sirius launch; Currie departs; Flood extended

The high sophistication and targeted nature of West African piracy is the most serious immediate threat to marine insurers, an audience of senior claims professionals heard last week.

Hiscox and Aon are in advanced talks about the creation of a property facility that would generate an estimated $15mn-$20mn for the London-listed carrier, The Insurance Insider can reveal.

Lloyd's performance management director Tom Bolt has warned Lloyd's insurer CEOs and senior executives of the compliance requirements they will be placed under if they enter into arrangements that ape the controversial Aon-Berkshire Hathaway "sidecar" deal.

He may be an American citizen, but Tom Bolt has certainly mastered the ancient British art of understatement

Berkshire Hathaway Specialty Insurance (BHSI) has bound its first P&C risks as it fulfills expectations of starting to underwrite inside its first month, The Insurance Insider can reveal.