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  • Alterra-managed Syndicate 2526 is planning to expand its capacity by almost 60 percent for 2011, The Insurance Insider can reveal.
  • Lloyd's managing agent RJ Kiln has halved capacity at its property catastrophe Syndicate 557 to £60mn for 2011, despite forecasts of an active hurricane season in the US this year.
  • IT giant Hewlett Packard's (HP) independent subsidiary MphasiS is in advanced negotiations to buy Ri3K, with due diligence half-completed, The Insurance Insider understands.
  • Catherine Murray, a leading London market specialty (re)insurance producer, has left RK Harrison.  
  • American International Group (AIG) has pumped the proceeds of nearly $4bn received from International Lease Finance Corporation (ILFC) into its Federal Reserve Bank of New York (FRBNY) revolving credit facility.
  • Ex-Glencairn chief executive Nick Cook has held talks with BMS about joining the Lloyd's broker on completion of his "gardening leave", The Insurance Insider can reveal.
  • London-based wholesaler Lloyd & Partners has recruited onshore energy reinsurance specialist Chris McNamara from Aon Benfield as part of investment in its energy practice.
  • Towers Watson - the new entity from the merger of actuarial and risk consulting and management firms Towers Perrin and Watson Wyatt - posted a $58mn profit for the fourth quarter.
  • Global broker Aon Corp has disclosed details of the $2.5bn lending arrangement that will finance the cash portion of its $5bn cash and stock bid for consulting giant Hewitt.
  • Marsh has standardised wordings on its London aviation placement slips to include a 2.5 percent commission for market services, in the latest move by a global broker to increase revenues from its markets.