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  • Lockton International is to transfer its broking business into a newly created limited liability partnership (LLP) before the close of the 2010/11 financial year, according to accounts filed with UK company register Companies House.
  • As anaemic interest rates continue to cut into investment returns and the well of reserve releases steadily dries up, underwriting discipline is crucial this year for reinsurers battling the soft market and is "the only lever left" for senior management riding the cycle.
  • US broker AmWins has become the second wholesale giant to lock horns in legal action with industry veteran Patrick Ryan's ambitious start-up, Ryan Specialty group (RSG), and its new wholesale broking arm R-T Specialty.
  • Moody's Investor Service has downgraded the outlook on Glacier Re's 2008 Nelson Re catastrophe bond on the risk of strategic default after the Swiss reinsurer placed its business in run-off.
  • Clive Buesnel, the CEO of Jubilee Group, has stepped down with immediate effect after less than four months at the small Lloyd's insurer, The Insurance Insider can reveal.
  • If further confirmation was needed that Lloyd's is the world's premier market for the placing of unconventional risks, then it has been provided by the news that an American football star has turned to the Corporation for a $1mn policy to protect his hair.
  • A successor to long-serving QBE CEO Frank O’Halloran has yet to be appointed, the insurer has told The Insurance Insider.
  • Hurricane Earl, the category four storm which is currently over the Atlantic Ocean to the north of Haiti, has raised hurricane alerts from the Bahamas to North Carolina.
  • Swiss Re chairman Walter Kielholz confirmed that the reinsurer plans to pay back the SFr3bn 2009 capital injection from Berkshire Hathaway rather than allow the Warren Buffett-headed investment giant to convert bonds into shares on the cheap.
  • Axis Capital last week revealed it is on the hunt for a chief financial officer (CFO), after announcing the resignation of incumbent David Greenfield.