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  • BMS, the independent London market broker, has confirmed the resignation of its CEO, John Spencer.
  • Liberty Syndicates - one of the largest Lloyd's (re)insurers - has confirmed that it will reduce its capacity by 9.5 percent next year.
  • Lloyd’s insurer Atrium announced improvements in its latest syndicate forecast updates last Tuesday (7 December), along with a fall in estimates for losses from the hurricane season.
  • Insurance linked securities (ILS) pioneer and prolific cat bond issuer Swiss Re is expected to return to the capital markets shortly with $660mn of notes in two new cat bond transactions.
  • Washington Mutual Inc (WMI) is suing its directors' and officers' (D&O) insurers in an attempt to recover up to $265mn underwritten by a group led by XL Specialty and Chartis subsidiary National Union Fire Insurance (NUFI).
  • Robert Benmosche, American International Group (AIG)'s new chief executive, will receive annual pay of $7mn in cash and shares and is in line for a bonus of $3.5mn a year.
  • Broker Willis Group Holdings reported net income of $78mn, or $0.54 per share, 8 percent up on the prior-year period in what was described as "another strong quarter" for the firm as it announced its interim results last week.
  • XL Capital last week (26 January) announced it has appointed Eileen McCusker as chief operating officer (COO) for the UK and Ireland. McCusker, who has spent 15 years at XL, will report to XL Insurance...
  • Hyperion Insurance Group Ltd has announced that its 2007 operating profit increased by 10 percent to £6.5mn, compared to £5.9mn in 2006.
  • BMS, the independent London market broker, has confirmed the resignation of its chief executive, John Spencer.