November 2015/3

A three-way bidding war for Xchanging broke out today (16 November) after insurance software specialist Ebix joined IT services firm Computer Sciences Corporation (CSC) in submitting a rival bid for the UK insurance outsourcer, throwing Capita's 160p per share agreed deal into uncertainty.

Incoming Cooper Gay CEO Steve Hearn will look to ensure the future of the debt-laden broking group by selling off its crown jewel, US wholesale broker Swett & Crawford, The Insurance Insider revealed last week.

Ace leads the property programme for Brazilian mining company Samarco Mineração, which is facing a potential $450mn loss after a tailings dam burst at its Minas Gerais iron ore operation on 5 November, according to sister title Inside FAC.

The establishment is innately conservative and naturally sceptical of changes to the status quo.

Xiaoxia Zhao, former CEO of Haier New York Life Insurance, will be the president of $1.6bn start-up reinsurer Asia Pacific Re, The Insurance Insider can reveal.