October 2009/2

AJ Gallagher's London operation confirmed it has hired the trade credit team that defected from former HCC-owned broker Rattner Mackenzie before the entity was sold to Guy Carpenter.

The keenly awaited case management conference for the Scottish Lion scheme of arrangement due to take place today (12 October) has been delayed. The meeting is thought to have been rescheduled for Wednesday (14 October)

The US run-off industry once again prepares for its annual migration to New Jersey as the fifth Association of Insurance and Reinsurance Run-Off Companies (AIRROC) event begins on the 19 October.

Ahead of another key renewal date for the airline sector comes a further report that airline reinsurance prices are "generally rising" as underwriters digest a heavy loss year which is already fuelling significant primary rate increases.

The trend of London market insurers fundraising through equity issuance looks set to continue, with the equity markets persisting as the "predominant source of new capital", according to the latest forecast from banking group Lloyds TSB.

The Financial Services Authority (FSA) is yet to break the silence over its assessment of Russian-backed private equity firm Pamplona Capital Management’s plans to build an influential 29.9 percent stake in Lloyd's insurer Chaucer.

The UK Financial Services Authority (FSA) has shed light on its "more intrusive" regulatory regime for approving and supervising "persons performing significant influence functions" (SIFs).

Barlow Lyde & Gilbert hires Part VII transfer specialist; DUAL Ireland opens doors with AIG hire; Gregory joins Axis as international specialty CEO; Taylor to serve as non-executive chairman of Montpelier Re...

World Trade Center developer Larry Silverstein has lost the latest round of his legal battle to collect $2.8bn in damages from airlines and security companies that he claims are partially responsible for the 11 September terrorist attacks.

Efforts to sell the non-life reinsurance portfolio of Berlin-based run-off group BF Rückversicherung have been revitalised.

Asbestos-related mesothelioma claims are expected to peak in 2016, with claimants exposed to asbestos between the late 1960s and mid 1970s from a wider industrial base than previously assumed, according to a Marsh study.

Verisk Analytics - the holding company for the family of risk analysis and assessment firms that includes ISO and modelling firm AIR Worldwide - staged a successful initial public offering (IPO) of shares last week.