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  • Church and charity mutual insurer Ecclesiastical Insurance has placed its subsidiary Ansvar New Zealand into run-off following a decision earlier this year to withdraw from providing new cover after the Christchurch earthquakes.
  • Greg Hendrick is taking over from Dave Duclos at the head of XL Group's insurance business from the start of next year.
  • Asia Capital Re (ACR) will not follow French state-owned reinsurer CCR in withdrawing from Thailand in the wake of devastating flood losses.
  • Tim Goggin has been appointed head of law firm Hogan Lovells' corporate and regulatory insurance practice.
  • Sean Quinn has been ordered to pay EUR1.7bn to Anglo Irish bank, the largest judgement ever issued against in individual in Ireland that smashed the previous record set last week against the Quinn Insurance owner.
  • Ratings agency Standard & Poor's (S&P) has put Japanese reinsurer Toa Reinsurance on CreditWatch with negative implications due to concerns about its losses from the Thailand floods.
  • The board of Omega and Mark Byrne are tonight in a standoff over their differing interpretations of the partial takeover agreement between Omega and Haverford following Byrne's attempts to force down the offer price.
  • UK risk managers' trade body Airmic is working on producing a compliance database of international regulations for global insurers.
  • Property/casualty and specialist (re)insurer Torus has hired two senior figures from specialty managing general agency (MGA), analytics and modelling firm Sciemus, our sister title Inside FAC has learned.
  • Pietro Toffanello, General Reinsurance Corporation (Gen Re)'s regional manager for Property Facultative Europe Middle East and Africa, has been promoted to manager of P&C Treaty for the Asia Pacific region and managing director of Gen Re Australia