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Manduca in line for Pru chair, leaving Aon vacancy
Aon UK chairman Paul Manduca has been chosen by the Prudential's board to succeed outgoing chairman Harvey McGrath, according to reports.
21 May 2012
Aon Benfield reshuffles key London unit
Simon Gander is to take over the leadership of Aon Benfield's Global ReSpecialty unit after leading London producer Graeme Moore relinquished the role, The Insurance Insider has revealed.
21 May 2012
Former Ariel Holdings CFO takes Atrium chairman role
Rick Lutenski, CFO of Ariel Holdings prior to the deal with Goldman Sachs, has been appointed chairman of Lloyd's insurer Atrium Underwriting Group, The Insurance Insider can reveal.
21 May 2012
ACR-Byrne bid for Lloyd’s start-up frustrated
Flagstone founder Mark Byrne and Singapore-based carrier Asia Capital Re (ACR) received a cool reception from the Lloyd's performance management directorate after meeting to discuss their ambitions to launch a Lloyd's start-up, The Insurance Insider understands.
21 May 2012
Reinsurer hit from Thai escalation unclear
It is unclear how much of the recent deterioration on last year's Thai floods will feed through to international reinsurers, but it seems unlikely they will take more than the $800mn of additional losses that have stuck with the Japanese "big three".
21 May 2012
Digest
Axis signs CFO from XL; Spitzer emails reviewed; Kiln to Walkie Talkie: over; RSA specialties unite; Xchanging in line; Dual expands; $6bn PICC IPO; Turk reinsurer Milli on watch
21 May 2012
$500mn JP Morgan D&O programme to escape trading losses
Directors' and officers' (D&O) underwriters are expected to avoid losses from JP Morgan (JPM)'s $500mn insurance programme despite the class action lawsuits and federal investigations into the bank's mounting in-house trading losses.
21 May 2012
Cheese loss could cost more than EUR250mn
Underwriters could be facing a loss of more than EUR250mn after warehouses containing 300,000 wheels of Italian-made cheese collapsed following the earthquake that struck northern Italy over the weekend, reports suggest.
21 May 2012
Some of the old characters have a point
The Lloyd's strategic Vision 2025 plan has been a catalyst for debate in the London market, setting minds racing and lunchtime tongues wagging in the past week.
21 May 2012
Costa renewal terms propose 50% price increase
The hull and machinery (H&M) and increased value (IV) renewal terms for loss-hit cruise operator Costa Crociere currently incorporate a 50 percent premium increase in cash terms, The Insurance Insider understands.
21 May 2012
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