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  • Trading platform IFEX has cleared a $1mn hurricane futures contract for the 2011 season, highlighting early speculation on next year's windstorm activity.
  • Aon Consulting has completed its $4.9bn merger with global consultancy Hewitt Associates, which was first announced in July.
  • 3i-backed Hyperion Insurance Group is set to buy a majority stake in Asia's largest independent retail insurance broker, Accette Insurance Group, and will use the business as a base to deliver on its Asian ambitions.
  • London market (re)insurance broker BMS Associates has again struggled to deliver profit amid the soft market, eking out post-tax gains of just £6,000 last year, compared with £200,000 in 2008
  • London-headquartered independent broker UIB's post-tax profits were flat in 2009 at £1.33mn, despite softening rates and a £1.2mn negative foreign exchange swing, company accounts show.
  • Jardine Lloyd Thompson (JLT) has restructured its key London market unit in the wake of chairman Andrew Agnew's sudden departure last month.
  • Flagstone Re expects claims from the New Zealand earthquake of $52.5mn net of reinstatement premiums and retrocession.
  • Swiss Re has invested $40mn alongside the World Bank's International Finance Corporation (IFC) to buy out Brazilian specialty insurer UBF Seguros.
  • UK general insurer RSA has resumed its acquisition drive with a CAN$420mn move to buy GCAN Insurance Company and its parent company, Glenstone Capital Incorporated, from the Ontario Teachers' Pension Plan Board.
  • Swiss Re CEO Stefan Lippe has overhauled the reinsurer's senior management team, bringing in new chief operating and chief risk officers and creating a number of new positions.