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  • Aspen Insurance leads the primary layer cover for Lehman Brothers on the bankers' blanket bond policy that could cost the troubled financial institutions market $175mn.
  • Kevin Kelley has become the highest profile departure from American International Group (AIG) as he left his position as president and CEO of the US giant's Lexington Insurance Company subsidiary to take the reins at Ironshore Inc.
  • The tide of Bermudian (re)insurers flooding to Lime Street shows no sign of relenting, with Arch Capital Group on the verge of unveiling a Lloyd's syndicate, and RenaissanceRe also...
  • Lloyd's has formally begun the potentially awkward search to replace Rolf Tolle, the Society’s underwriting tsar.
  • Lloyd’s managing agent RJ Kiln is to open a new Syndicate in 2009 for intra-group reinsurance as part of the Tokio Marine Group, The Insurance Insider can reveal.
  • Omega Insurance Holdings Ltd has become the first quoted Lloyd’s (re)insurer to unveil plans to raise capital to take advantage of the sector’s improved trading prospects.
  • UK finance ministry, Her Majesty’s Treasury (HMT) has convened a working group of ten top insurance executives to consider key issues facing the issue in the next 10-30 years and shape developments in the market, The Insurance Insider has learned.
  • Lloyd’s insurers writing US business face the challenge of finding additional capital in the New Year to support 2009 underwriting as a result of the dramatic swing in the $/£ exchange rate – even in the absence of expected hardening of rates.
  • Property Claim Services (PCS) has raised its estimate for onshore insured losses from Hurricane Ike by just over 30 percent to $10.655bn.
  • Lloyd’s (re)insurer Hiscox has parted company with Robert Forness, the CEO-elect of its Bermuda subsidiary, The Insurance Insider has learned.