October 2007/5

Reinsurance broker Guy Carpenter & Co has announced two key appointments to its facultative team as it continues to rebuild following a number of senior defections to Integro earlier this year.

New market entrants are "critical to maintaining the attractiveness of the Lloyd’s market", according to the Society's Franchise Performance director, Rolf Tolle.

Reinsurance broker Guy Carpenter & Co has announced that it has changed the name of MMC Securities to GC Securities and has expanded its investment banking capabilities in Europe.

Integro Ltd has hired well-known broking figure Guy Bessis from Aon as a managing principal in its London operation.

US insurance giant The Chubb Corporation has received approval from the Chinese authorities to turn its Federal Insurance Company from a Shanghai branch to a wholly owned insurance subsidiary.

French reinsurer SCOR has reaffirmed reporting lines and made a flurry of fresh appointments to its non-life and life segments.

London market broker Alwen Hough Johnson Ltd (AHJ) has increased its Scandinavian presence by taking a stake in Norwegian firm Nilsen Brokers Re AS.

Major UK retail bank Lloyds TSB Group plc has been sued in the US for allegedly violating federal anti-money laundering provisions, a case which could be brought as a claim against its Directors and Officers (D&O) insurance policy, placed in the London ma

Bancassurance is gaining in popularity particularly in emerging markets, according to research by Swiss Re.

UK (re)insurance giant Royal & Sun Alliance (R&SA) has announced that it is to acquire Canadian property casualty insurer Canadian Northern Shield Insurance Company (CNS), in a C$75mn (£37mn) cash deal.

Yorkshire-based consolidator Broker Network Group has received a takeover approach which "may or may not lead to an offer being made for the company", according to a recent London Stock Exchange announcement.

One of the UK's leading fund managers, Standard Life Investments Ltd has acquired 29 million shares in Lloyd's insurer Chaucer Holdings plc, representing 9 percent of the voting rights in the company.