October 2011/3

Consolidation among US brokers could pose a threat to the smaller independent Lloyd's brokers, according to Lloyd's director of North America and general counsel Sean McGovern.

Citi's new London-based non-life insurance analyst Tom Dorner published a major note last week explaining why he thinks Lloyd's stocks represent a relatively safe haven for investors

Dethroned Lloyd's sector star Amlin is drawing closer to reclaiming its crown after its shares climbed 17 percent since their 270p nadir at the beginning of the month.

Despite signs of optimism emerging from the US surplus lines gathering in San Diego last week, there will be no significant market change until insurers wake up to reserving inadequacies, according to industry veteran Tony Markel.

Despite maintaining a "stable" outlook on the global reinsurance sector, rating agency Standard & Poor's (S&P) has not been shy in handing out downgrades in 2011.

Tokio Marine's international operations could target expansion of up to 50 percent as the Japanese group begins its next round of medium-term business planning, its new leader explained to The Insurance Insider.

Some of the most influential executives in the London market agreed to coordinate their efforts to exert a stronger influence on the process of regulatory reform in the UK at a roundtable discussion hosted by The Insurance Insider last week.

AIG gets credit, WM gets Sirius, Lockton Re hires in US, Miller appoints head of risk, Two more join RSG, Baxter basics, Auto Aspen, Middle East Axis, Jova to cost less than $52mn, Vitale to become co-CEO of Aspen, Insurance Willis wins Inmarsat from Aon, Wood floats onto Ironshore

Connecticut-based SAC Capital Management is poised to become the latest hedge fund to launch a reinsurance start-up, sister publication Trading Risk has revealed.

It is often more shocking when something fails to live up to expectations than if unexpected revelations simply appear out of the blue.

Chartis subsidiary Lexington Insurance is deliberately managing down its aggregate exposures by cutting line sizes on primary layers in the US commercial insurance market, The Insurance Insider understands.