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  • News in brief
     Allied World opens in Singapore; Maiden agrees GMAC quota share with American Capital
    20 November 2009
  • People moves
    Ace appoint new Mann to structured risks role; Willis post new CEO for Dutch operations; Endurance appoints Miller to build US Excess Casualty; Torus Re appoints senior casualty U/W.
    20 November 2009
  • Santander hedge fund chief faces Madoff charges
    <!--[if gte mso 9]--> The former head of Spanish bank Santander's hedge fund investment arm, Optimal Investment Services SA, has been charged with criminal mismanagement of client funds that were placed with US fraudster Bernard Madoff.
    20 November 2009
  • Trimark scheme sanctioned
    The UK High Court has sanctioned schemes of arrangement for the 48 solvent and insolvent companies that make up the Trimark 1968 and prior years pools schemes, after creditors voted "overwhelmingly" in favour at a 9 October meeting, said scheme advisor KPMG.
    20 November 2009
  • ‘Mega claims’ account for half of all power losses
    "Mega claims" are now a common occurrence in the power (re)insurance market, with almost half of the aggregate $9.85bn losses recorded over the last ten years resulting from just 16 claims.
    20 November 2009
  • GIC to create nat cat pool
    GIC Re, the reinsurance arm of the Indian state-owned General Insurance Corporation (GIC), is setting up a natural catastrophe pool for local African and Asian (re)insurance companies.
    20 November 2009
  • Brit sets December date for Dutch redomicile
    UK insurer Brit last week laid out the timetable for its redomicile to the Netherlands - a reorganisation that is expected to see a new holding company listed on the London Stock Exchange on 21 December.
    20 November 2009
  • Fitch stable on reinsurance as capital concerns ease
    Rating agency Fitch said its concerns over reinsurers' ability to tap capital markets following a significant catastrophe have "sufficiently eased", after revising its outlook on the global reinsurance sector from negative to stable.
    20 November 2009
  • Marsh begins to build out US agency network
    Marsh & McLennan Agency has acquired Texas-based independent insurance agent Insurance Alliance, marking the first step in Marsh's strategic drive towards creating a US agency network.
    20 November 2009
  • JLT still enjoying organic growth despite headwinds
    London-headquartered Jardine Lloyd Thompson (JLT) bucked the trend of the global brokers with a Q3 trading statement that detailed continued organic growth and "robust" performance at its London market division.
    20 November 2009
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