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Peter Hastie

Published by this author:

  • Max Pell, the head of the London market's back office joint ventures with Xchanging, is to leave the outsourcing organisation in the second quarter.
  • AIG acquires; Lloyd's Beijing; Cyclone Pam; Axis and PartnerRe boost; Thai attractions; BHSI energy hire; Double Dubai; Torus exit; Citizens levy ends; Cyclone Marcia; Scor shuffle; Integro acquires; Validus affirmed; Hales exits; Airmic appoints
  • By marrying an international retail network to a London market specialty play and a global managing general agency (MGA), Hyperion and RK Harrison are creating something that sets the group apart from competitors, according to founding Hyperion CEO David Howden.
  • If the three most prominent London market figures to have realised close to £100mn from either creating or running insurance businesses in the last decade are John Charman, Richard Brindle and Grahame Chilton, then the £400mn+ sale of RK Harrison has created a fourth: its outgoing CEO Paul Bridgwater.
  • The insurance engine that drives the vast Berkshire Hathaway conglomerate marked its 12th consecutive year of underwriting profits with a full-year net underwriting gain of $2.67bn, down from the $3.09bn a year earlier.
  • The fast-expanding Australian intermediary Steadfast Group Ltd is to raise A$300mn to acquire QBE's underwriting agency businesses in Australia and New Zealand.