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  • Ron Sandler has rejected a number of approaches from Lloyd's to take over as chairman of the Society when Lord Levene of Portsoken steps down next year, The Insurance Insider can reveal.
  • The London market directors' and officers' (D&O) insurers of fraud-hit Stanford Financial Group (SFG) are making a counterclaim for defence fees of around $15mn, The Insurance Insider can reveal.
  • Investor demand for peak US wind bonds will strengthen in the fourth quarter after tailing off mid-year, broker Aon Benfield Securities said in its third-quarter report on the insurance-linked securities sector.
  • French insurer Axa has launched its first European wind catastrophe bond, as tipped by The Insurance Insider's sister publication Trading Risk.
  • Private equity backed London market wholesaler RFIB has unveiled a five-year plan to double revenues and treble profits by 2015.
  • Private equity-backed insurance broker Integro has taken over San Francisco-based reinsurance broking house ReSource Intermediaries for an undisclosed sum.
  • Jardine Lloyd Thompson (JLT) has continued to lure Aon executives, with another team of producers hired from the broking giant.
  • London market broker Glencairn suffered a 63 percent slide in pre-tax profits to £634,000 in 2009 as the cost of its integration into global broker Willis took its toll.
  • A shortlist of 40 or more potential buyers interested in acquiring troubled Irish insurer Quinn has been whittled down to five contenders, including Anglo Irish Bank, Travelers Insurance and Liberty Global.
  • Solvency II will be a catalyst for corporates to close down their captive insurers, rating agency AM Best predicts.