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  • Former Heath Lambert chief executive David Margrett has been appointed CEO of Willis International
  • Lloyd's has reiterated its line on finding a new chairman the day after Sky News reported that John Nelson, the chairman of FTSE 100 property company Hammerson, was in position to take the role
  • Specialty property and casualty (re)insurer Endurance has estimated its likely losses from the 11 March Tohoku earthquake and tsunami at around $125mn
  • Shares in Validus Holdings were trading down by more than five percent today after it emerged Goldman Sachs had sold off more than 3.5 million shares in the reinsurer.
  • John Nelson, the chairman of UK property giant Hammerson, heads the list of candidates to replace Lord Levene as the next chairman of Lloyd's when he steps down later this year.
  • UK legal regulator the Solicitors' Regulation Authority (SRA) has approved final changes to the industry's professional indemnity (PI) insurance regime, offering insurers an end to the system of last-resort insurance for lawyers unable to source commercial cover.
  • Expansionist London-based independent broker BMS Group has continued its raid on the market with two high profile hires, The Insurance Insider understands.
  • Aquiline-backed Lloyd's insurer Ark has hired a fine art and specie underwriting team from Munich Re to reinforce its existing personnel, The Insurance Insider can reveal
  • Liberty Mutual working with Anglo Irish Bank has been revealed as the preferred bidder for Quinn Insurance, the Irish insurer that went into administration in March 2010
  • Claims on the direct and facultative (D&F) market from industrial conglomerate 3M are set to rise to $250mn, sister title Inside FAC understands