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  • Giant Swiss insurer Zurich Financial Services Group (ZFS) has announced Peter Eckert, the group’s chief operating officer, is to retire at the end of the month.
  • Veteran London market figure Graham White was appointed as the new deputy chairman of Lloyd's by the Council of Lloyd's on 5 February.
  • Giant US insurer American International Group's (AIG) Lexington Insurance Co has increased its capacity of commercial domestic property terrorism insurance to $250mn from $100mn.
  • "Gold-plated" reinsurance was key to the landmark $7bn deal between Equitas and Berkshire Hathaway according to Scott Moser, CEO of the Lloyd's run-off vehicle.
  • Reinsurance broker Benfield Group has bolstered its Fac team again with the appointment of Michael Lazarus as head for Australia, New Zealand and South Africa.
  • Reinsurance broker Guy Carpenter has appointed Ajay Junnarkar as its chief financial officer as it seeks to "further its capital markets capabilities".
  • Numis Securities lowered its earnings forecast on the UK-headquartered broker Jardine Lloyd Thompson Group plc (JLT) and reiterated its sell recommendation on the company's stock.
  • Insurance broker Willis Group Holdings revealed it would be reducing its headcount by an extra 100 people as it announced its annual profits had grown to $449mn last year, compared to $281mn in 2005.
  • Bermudian firm Max Re Capital reported a fourth consecutive profitable year on the back of record fourth quarter net income.
  • Aspen Insurance reported records for both the year and the quarter, with net income of $378.1mn and $119.5mn respectively.