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  • The departure of a number of key producers that have followed divisional head of facilities Hugh Champion out the door of UK independent broker Heath Lambert which may scupper management’s chances of selling the firm as a single entity.
  • After finally closing its $2.8bn protracted acquisition of rival Converium Holding AG, French reinsurer SCOR wasted little time in setting out its stall as it aims to push into the top 5 of global reinsurers.
  • Bermuda-based (re)insurer Catlin Group reported 29 percent first-half premium growth following its acquisition of Wellington Underwriting, but profits fell as a result of the deal's expenses.
  • Although revenue growth impressed at Benfield Group Ltd’s Corporate Risk business (BCR), shares in the broker fell as the John Lapsley-headed division reported a trading loss of £4.6mn for the first half of 2007.
  • Tim Mahoney has become the latest senior executive to make the switch from Marsh Inc to rival firm Integro Ltd as it continues to raid Marsh & McLennan's companies.
  • The continued pressure on rates has dampened Kiln plc’s premium growth with the (re)insurer confirming plans to reduce its participation in the Lloyd’s market.
  • Canopius Group Ltd has become the latest Lloyd’s insurer to launch a Bermuda platform with the formation of Canopius Bermuda Ltd, a class 3 reinsurance company with $250mn of capital.
  • Insurer Brit Holdings plc has reported flat first half profits of £106.8mn following a drop in underwriting profits in the “difficult” UK market.
  • London-based reinsurance broker Cooper Gay Group has bought the reinsurance and terrorism broking teams of CRS Group (London) plc.
  • Novae Group's medical malpractice underwriting manager, Bill Edrich, has been appointed underwriting director of its insurance company, Novae Insurance Company Limited (NICL).