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  • UK regulator the Financial Services Authority (FSA) has appointed Sally Dewar as new managing director of wholesale.
  • Ex-Heath Lambert executive Hugh Champion has taken up his new post as director of rival broker RFIB Group Ltd, after leaving the up-for-sale broker last year.
  • Derivatives platform Insurance Futures Exchange Services (IFEX) which began trading in US hurricanes as futures contracts last September, now has cumulative trading volumes totalling more than $31mn of (re)insurance limit, equivalent to 3,100 lots, it rev
  • Bermudian reinsurer White Mountains Re has cancelled its quota share arrangement with Helicon Re and Olympus Re for the 2008 year as a result of the softening property cat market.
  • The airline market is "likely to have made a loss" last year with claims outweighing premiums, according to the latest data from Aon Aviation.
  • Countrywide Financial, one of the US's largest mortgage lenders heavily affected by the sub-prime lending debacle, has been purchased by Bank of America in a $4bn all-share deal.
  • Aquiline Capital Partners could lose as much as 95 percent of its investment in its Dublin-based Structured Credit Company (SCC), as the credit default underwriting firm became another victim of the meltdown in the debt markets.
  • BMS, the independent London market broker, has confirmed the resignation of its CEO, John Spencer.
  • Listed Bermudian-headquartered legacy firm Enstar Group has acquired AMP Ltd's Australian-based closed (re)insurance operations for A$585mn ($518mn).
  • Ex-Converium boss advised MDU on SCOR deal; FSA appoints Sally Dewar in wholesale role; Marsh in £200mn UK back-office outsourcing deal; Glacier Re to form London platform...