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  • Liberty Syndicates - one of the largest Lloyd's (re)insurers - is set to end its search for a new CEO by appointing Nick Metcalf to the role, according to market sources.
  • Bermudian reinsurer Argo Re has secured $100mn of second event multi-peril cover with its first cat bond, Loma Re, sister title Trading Risk revealed.
  • Bermudian-headquartered (re)insurer Lancashire Holdings Ltd announced on 8 September that its UK subsidiary been granted permission to start underwriting by the Financial Services Authority (FSA).
  • Under fire Insurance Australia Group Ltd (IAG) CEO Michael Hawker has resigned, with the insurer’s COO Michael Wilkins stepping into the role.
  • A House of Lords appeal is fast approaching in the long-running "follow the settlement" case between reinsurers Wasa International Insurance Company Ltd (WASA) and AGF Insurance Ltd against their cedant Lexington Insurance Co.
  • Trading by Wellington Underwriting plc in this year's Lloyd's syndicate auctions is being scrutinised following revelations that the company bought capacity on its own syndicate at a fraction of the price now being offered as part of the Catlin Group take
  • Bermudian (re)insurer XL Capital last Wednesday (4 January) announced a senior management reshuffle, as it steps up its long-term succession strategy to replace CEO Brian O’Hara. As part of the restructuring, James Veghte has been appointed chief...
  • 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.
  • Small Lloyd's insurance broker Swinglehurst is anxiously awaiting the receipt of £3mn of overdue fees from a single client, as it seeks to settle a £920,000 tax dispute with the UK tax authorities (HMRC) that has driven it to the brink of bankruptcy.
  • A hard core of companies who wrote reinsurance on the Sempra liability programme are continuing to resist payment, though no party in the acrimonious stand off has yet...