October 2009/3

Texas-based Southwest Insurance Partners Inc (SWIP) has completed a $20mn capital raise increasing its overall capitalisation to more than $115mn, The Insurance Insider can reveal.

Tokio Millennium Re (TMR) is set to become the latest specialist Bermudian catastrophe reinsurer to diversify into new business lines at the 1.1 renewals, The Insurance Insider can reveal.

Brit Insurance Holdings has embarked on a shake-up of its professional indemnity division which has led to the departure of its two most senior underwriters.

The International Association of Insurance Supervisors (IAIS) annual conference to be held this week (21-24 October) in Rio de Janeiro, Brazil will be taking ‘Insurance as a means of socioeconomic development’ as one of its key themes...

The community of former UK-domiciled specialty insurance operations now headquartered overseas face years of meticulous close scrutiny of their business affairs by UK tax authorities...

Munich Re's recent decision to reinstitute its share buyback programme to the tune of EUR1bn in "unneeded" capital could act as a catalyst for further returns...

Broker Willis Group has appointed former GCFac's Latin American operations, Hugh Powell, as CEO of Willis Facultative in Latin America...

Box joins Marsh board; Miller boosts professional risks team with Heath Lambert hire; Colemont's Kath named president of NAPSLO; WR Berkley hires Re Iberia director to head up Spanish branch...

Dutch insurance giant Aegon has completed a capital management transaction...