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  • US insurer HCC Insurance Holdings reported a significant rise in first quarter net profit of 37 percent to $78.6mn, compared to $57.3mn in the prior-year period.
  • Merrett plc, the eponymous holding company founded by former Lloyd's deputy chairman Stephen Merrett, has gone into liquidation ten years after the group stopped underwriting, The Insurance Insider can reveal. The company, which had essentially been op
  • Marsh will enter into a long-term strategic distribution deal with HSBC as part of its agreement to buy the banking giant's insurance broking arm.
  • Marsh & McLennan Companies (MMC) has joined its peers in reporting strong Q1 results after achieving 4 percent organic growth in its broking operations and delivering substantial margin expansion.
  • Swiss Re - now officially the world's largest reinsurer following the completion of its GE acquisition earlier this month - is replacing its retiring US head Jacques Dubois with the former Federal Reserve vice chairman Roger Ferguson.
  • London has regained its role as the world's most competitive insurance hub while Hong Kong fell by three places to fourth in the 2012 Global Financial Centres Index (GFCI) compiled by Long Finance
  • Swiss Re has continued its long-running Vita Capital series of transactions with the issue of $50mn of notes in the first transfer of extreme mortality exposure since November last year.
  • Aon Corp unveiled a significant restructuring of its senior international management last week which saw the veteran London head Dennis Mahoney relocate to Bermuda.
  • Michael Wade has sold his significant minority stake in Besso and is poised to step down as chairman of the independent Lloyd’s broker, The Insurance Insider can reveal
  • As first revealed in May's The Insurance Insider Personal Accident (PA) underwriter Paul Newson has joined Lloyd's managing agency Marketform.