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  • Hiscox Bermuda CEO and chief underwriting officer Robert Childs is to return to London and be replaced by Imagine Group Holdings Ltd's head of underwriting, Robert Forness.
  • RK Carvill & Co Ltd has confirmed it is in "exploratory talks" to sell a stake to insurance focussed private equity firm, Stone Point Capital.
  • American International Group (AIG) has been stung by the first wave of high profile departures at Ascot Underwriting, the Lloyd's managing agency it bought out last month.
  • Xchanging has agreed a major outsourcing deal with Cooper Gay, first revealed by The Insurance Insider, which will see 66 of the broker's legacy and ongoing business process staff transfer to the firm.
  • New CEO Michael McGavick was quick to acknowledge the influence of rating agency pressure on XL Capital's attempts to secure a solution to relieve it of its SCA exposures, and the size of its capital raise.
  • Two former directors of failed Lloyd’s insurer Euclidian Underwriting Ltd have been fined, ordered to pay costs and agreed not to transact business at or set foot in Lloyd’s without prior permission after being found to have failed to deal “in a transpare
  • Travelers has placed $1.4bn of run-off liabilities that sit in a UK subsidiary up for sale as it hopes to capitalise on the strong interest in acquiring discontinued business.
  • First-time cat bond sponsor Platinum Underwriters Bermuda Ltd issued a $200mn multi peril cat bond in August, affording it cover against US wind and quake, European windstorm and Japanese earthquake.
  • A dispute between RSA plc and BAE Systems over a multi-million dollar reinsurance claim on a policy structured to cover revenue shortfalls on aircraft leased for regional routes is to be heard by the courts at the end of September.
  • "Every little helps" is Tesco's advertising catchphrase but it might also have been coined for Royal Bank of Scotland’s increasingly desperate need to sell-off assets to plug its £6bn+ exposures to the credit crisis and raise its crucial tier 1 capital re