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  • US hedge fund ValueAct Capital has now built a 5 percent stake in Willis Group, regulatory filings show.
  • Companies that act quickly and efficiently in managing a crisis through a product recall will gain consumers' confidence and enhance shareholder value, according to broker Marsh.
  • French insurance giant AXA is re-approaching the capital markets with its third motor insurance securitisation, renewing the EUR61mn Class D notes from its 2007 Sparc transaction.
  • Catastrophe modelling firm Eqecat estimates that the winter storms that struck the eastern US coast in the past week will cost insurers more than $2bn.
  • London-based aviation MGA, Global Aerospace Underwriting Managers (GAUM) is the lead insurer and Aon the broker for the Federal Express (FedEX) cargo plane that crashed at Tokyo’s Narita airport on Monday (23 March)
  • In our regular monthly News Digest, we round up key stories from the last month, presenting them to you in easily digestable snippets.
  • Maurice "Hank" Greenberg was effected forced to resign as chairman of American International Group after the New York Attorney General gave an ultimatum to the company, The Insurance Insider understands.
  • Insurance-linked securities pioneer Swiss Re has announced the final pricing of EURIBOR plus 360 basis points on its EUR200mn French windstorm cat bond, issued on behalf of French mutual Groupama SA.
  • Mitsui appoints PRO for US business; Capita in short-list for Axiom sale; Bridges appointed to Quanta board; Cane appointed Whittington Europe CEO
  • Paul Newson is set to join Lloyd’s managing agency Marketform to write a book of personal accident (PA) business. The Insurance Insider, which last month predicted that there would be further moves around the London PA market, understands that Newson..