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  • The decision by Aon Ltd to outsource its entire back office Client Operations division could provide the framework for a new approach by London market brokers to process their business.
  • Lloyd's insurer Canopius and Neil Utley's Equity Insurance Group (EIG) are to support a new UK commercial lines underwriting operation to be led by former NIG Commercial Lines (NIG) managing director Charles Earle.
  • Fast expanding Lloyd's (re)insurer Ascot Underwriting is considering setting up an overseas operation to ease the penetration of its products into new markets.
  • Mark Boucher is to step down as CEO of Endurance Worldwide Insurance Ltd (EWIL), the London market operation of Bermudian (re)insurer Endurance Specialty Holdings Ltd, with effect from January 2007 it was revealed last week (9 August).
  • Fairfax Financial Holdings' controlled reinsurer Odyssey Re said last week that it would delay filing its quarterly financial report while it continues to review its accounting treatment of various investments.
  • Lloyd's Names will be able to give their views on Hampden Private Capital's acquisition of the Names' advisory business of CBS Private Capital after receiving a questionnaire from the Competition Commission last Friday (11 August).
  • Distressed insurance company Quanta Capital Holdings Ltd revealed a $42.9mn loss for the second quarter and said it was talking to its bankers after defaulting on its credit facility following the rating downgrades earlier this year.
  • Capita Insurance Services, part of the UK outsourcing giant, Capita Group plc, announced on 10 August that it had secured a deal to process claims for Chaucer Syndicates.
  • No capital differential for 2007, but performance framework on track As well as ruling out the formation of an admitted lines US insurer – at least for now – Lloyd's last week (10 August) provided a comprehensive progress report on the initiatives...
  • Lloyd's has ruled out creating a fully-fledged US insurance company - an idea that was floated as part of the three-year strategic plan delivered in January.