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  • Marsh Inc has appointed Mark Feuer as the new CEO of its US business with responsibility for day-to-day operations.
  • Insurance giant Zurich Financial Services (ZFS) has poached Mario Vitale from broker Willis to head up its Global Corporate North America Operations.
  • R&SA and Heath’s sued over $160mn film finance dispute US entertainment company Artisan Entertainment is suing R&SA and insurance broker Heath Insurance Broking Ltd for fraud and deceit over a complicated $160 mn insurance backed financing deal.
  • Ratings agency Standard & Poor’s (S&P) has criticised proposed International Financial Reporting Standards (IFRS) describing them as costly to implement and likely to lead to greater earnings volatility.
  • GCFac, the facultative arm of reinsurance broker Guy Carpenter, has bolstered its ranks with the launch of a structured risk team headed by former Jardine Lloyd Thompson (JLT) broker John Lobek.
  • Over 60 percent of UK businesses do not have the necessary business continuity management (BCM) plans to protect them in the event of a disaster, according to a survey conducted by Marsh.
  • Provisional liquidator Grant Thornton last week announced creditor approval for its proposed UIC Insurance Company Limited scheme of arrangement that looks set to boast the rare distinction of paying out more than 100p in the £1. If the scheme is...
  • Brit to pay outstanding claims
  • Bermudian property cat specialist Montpelier Re said it estimates pre-tax net losses from the Japanese earthquake and tsunami of around $126mn.
  • In a critical year for UK commercial insurers to demonstrate compliance with the regulatory imposed deadlines on contract certainty, Brit Insurance Holdings plc has stolen a march on its peers by announcing that it has reached 75 percent compliance...