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  • Hugh Powell, the head of GCFac's Latin American operations, has resigned from the facultative arm of reinsurance broker Guy Carpenter to join rival Willis, our sister publication Inside FAC revealed this morning.
  • Lloyd's is restructuring its direct Japanese platform in a move that will create a model allowing all managing agencies in the market to access business written locally on a coverholder basis, The Insurance Insider can reveal.
  • Rising public spending deficits - especially in the US and UK - together with global quantitative easing strategies have put the prospect of future inflation firmly onto the agenda at the Monte Carlo Reinsurance Rendez-Vous.
  • Absent a major loss event, signs are pointing to a flat reinsurance renewal season in January 2010, broker Guy Carpenter's new vice chairman Richard Booth told a briefing during the Monte Carlo Rendez-Vous.
  • Buffy examines how this year's hefty pre-emptions may affect capacity auctions.
  • Everest Re's Gallagher to retire; ILS returns fall 60% year-on-year; Allianz settles all WTC claims with NY Port Authority; Munich Re to bear brunt of $200mn RusHydro loss; Rating agencies clash on reinsurance outlook...
  • The dispute between US managing general underwriter Global Benefits Group (GBG) and its former reinsurance broker Reza "Ray" Khadivi is set to culminate in a court showdown in the autumn.
  • A scheme of arrangement for insolvent UK insurer Highlands Insurance Company (HUK) has become effective.
  • Run-off (re)insurer Alea Group booked a net loss of $44.7mn in the first six months of 2009, compared to the small profit of $819,000 in the first half of 2008.
  • Hannover Re continued its pioneering ILS legacy with the launch of its $60mn sidecar-style vehicle Fac Pool Re - the first dedicated, securitised facility for facultative exposures.