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Aon Benfield UK chair Cantlay to leave in April
Industry veteran Charlie Cantlay, the chairman of Aon Benfield's Global ReSpecialty team and its UK operations, is set to leave the broker after 15 years.
17 January 2011
AIG new dawn with NY Fed payback
American International Group (AIG) paid off its credit facility with the Federal Reserve Bank of New York (FRBNY) last week, taking a significant stride towards independence from the US government in the process.
17 January 2011
FSA orders Section 166 probes on two Lloyd’s brokers
Two London market brokers have been subject to Section 166 investigations by UK regulator the Financial Services Authority (FSA) in the last year.
17 January 2011
Carlson Capital builds stake in two Lloyd’s M&A targets
New York-based hedge fund Carlson Capital has acquired significant stakes in recent Lime Street M&A targets Omega and Hardy, according to regulatory filings
17 January 2011
US tort cost decline but fall may be short-lived
US tort costs decreased by 2.7 percent to $248bn in 2009 but increases are likely in 2010 and beyond, according to the latest study from Towers Watson.
17 January 2011
Aspen parts company with US insurance president Murray
Aspen Insurance Holdings has parted company with the head of its US insurance operations, Bill Murray, The Insurance Insider can reveal.
17 January 2011
R&Q promotes Booth to the board
UK-quoted Randall & Quilter may have given a clue to the eventual succession of founders Ken Randall and Alan Quilter with the promotion of Tom Booth to an executive director.
17 January 2011
Hiscox: London market pricing peaked in 2006
The ratio for London market premium versus estimated units of exposure for the last five years peaked in 2006, data from a Hiscox company presentation shows.
17 January 2011
Lloyd’s imposes new GoM stress tests
The Lloyd's Franchise Performance Management Directorate has introduced two new realistic disaster scenarios (RDS) to stress test individual syndicates and the market against Gulf of Mexico energy.
17 January 2011
FSA ends Marketform probe
Lloyd's specialty insurer Marketform has come through an investigation by the Financial Services Authority (FSA) unscathed, The Insurance Insider understands.
17 January 2011
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