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  • Andrew Appel, the former management consultant who masterminded the integration of Aon Re and Benfield Group, is to return to the parent company as part of senior management restructuring at the world's largest reinsurance broker, The Insurance Insider can reveal.
  • AIG subsidiary International Lease Finance Corporation (ILFC) is to raise almost $2bn through the sale of aircraft to Australian financial services firm Macquarie Group, as it looks to pay down its debt mountain and secure its future as a going concern.
  • German (re)insurance giant Munich Re has sold a large chunk of its stake in Swiss insurer Helvetia Holding, reducing its interest from 8.2 percent to “under 3 percent”.  
  • HCC Insurance Holdings has reported losses totalling $20mn pre-tax, $13mn post-tax, from the Chilean earthquake and windstorm Xynthia. The firm said losses from the Chile disaster account for the majority of the reported figure.
  • CEO Marshall Kath has resigned from Colemont Insurance Brokers and will have no role with the company going forward following its merger with private equity-backed US broker AmWINS.
  • Ryan Specialty Group has tempted Richard Green - the former UK director and manager at Lloyd's insurer HCC Global Financial Products (HCCG) in London - across to join its growing team, The Insurance Insider can reveal.
  • Walking back across the city after a meeting with a firm of consultants I was explaining to a novice colleague why it was that consultants seemed to find such a rich seam of work to mine in the insurance sector.
  • Investment firm Fairholme Capital Management is now the second largest shareholder in American International Group (AIG) behind the US government, after disclosing yesterday (12 April) that it bought approximately 15 million shares to secure an 11.1 percent stake.
  • Fresh from its acquisition of London-based financial institutions specialist FirstCity Group, the international arm of US broker AJ Gallagher has won the prestigious Investec account from HSBC Insurance Brokers.
  • Ace adds to trade credit pack; Guy Carpenter specialist moves to BMS; US government appoints new AIG directors; Green joins Jubilee A&H team; RFIB appoints Haynes to head claims team...