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  • Troubled Bermudian giant XL Capital has gone outside the firm to name Michael McGavick as CEO in place of Brian O’Hara.
  • Analysts knew Hiscox interims were going to be good when the quoted insurer announced bullish trading figures last month and then took the opportunity to resolve the growing uncertainty over its World Trade Center provisions.
  • London market broker Alwen Hough Johnson Ltd (AHJ) has increased its Scandinavian presence by taking a stake in Norwegian firm Nilsen Brokers Re AS.
  • Insurer AIG continued to feel the full force of US regulators' ire this month with further fallout from recent investigations into its use of finite reinsurance.
  • US insurer Tower Group reported first quarter income of $25.7mn on improved investment income and lower expenses.
  • A US federal court has denied AJ Gallagher & Co's January request for a temporary restraining order against start-up broker Edgewood Partners Insurance Center (EPIC) following the defection of several senior employees.
  • Broking giant Aon Corp has unveiled a major restructuring with the formation of a new global retail business led by Steve McGill, the current head of the firm's Americas division.
  • BP Marsh & Partners plc, the London-based investor in specialist insurance and other financial services related companies, grew its net asset value by 16.3 percent last year.
  • Quanta 4000 will be officially unveiled as a Lloyd’s start-up Syndicate this week, Insider Week has learned.
  • US insurer The Hartford reported strong second quarter results, as a $118mn after-tax casualty reinsurance recoverables charge was more than outweighed by performance in its property casualty division and the continued strength of its life operation.