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  • Thomas Tizzio has retired from American International Group (AIG) after 38 years with the company. Tizzio was most recently senior vice chairman of General Insurance and has also held the positions of senior vice president, Reinsurance, president of...
  • The Insurance Insider’s 2006 market survey, in association with Salmon Ltd, will gauge the views of senior industry figures on the competitiveness of the London market at a time of extraordinary flux for the industry. It takes less than five minutes...
  • But share price suffers as plans for new holding company, FSA insurer and rights issue revealed... Lloyd’s insurer SVB Holdings plc has confirmed a scheme of arrangement to ring-fence past liabilities, with the creation of a new holding company...
  • Hampden Private Capital is set to become one of only two remaining Lloyd’s members’ agencies after agreeing to acquire the Names’ advisory business from CBS Private Capital.
  • Run-off services provider CMGL has announced the appointment of Jonathon Piper as its chief actuary. Piper joins CMGL from run-off management company KMS, where he has spent 12 years, most recently as senior actuary. He began his career at Victory...
  • Giant insurance broker Marsh & McLennan Companies (MMC) has appointed James Speros as chief marketing officer and senior vice president. Speros will be responsible for MMC’s global marketing and communications strategies supporting MMC’s business...
  • The fast-expanding London broker SBJ Group Ltd has acquired the employee benefits technology company Orbit Benefits Ltd from Benfield Group. SBJ – which is majority owned by the private equity firm Capital Z Financial Services Partners – said the...
  • Insurance claims from Cyclone Larry, which struck north-eastern Australia on 20 March, reached AUS$90mn last week with 4,000 claims already made, according to the Insurance Disaster Response Organisation (IDRO).
  • Heritage’s Syndicate 1245 is now predicting a loss of 52 percent capacity on its 2002 underwriting year. The Lloyd’s insurer decided last year to keep the syndicate open because of uncertainties relating to its controversial US bail bond losses.
  • Despite last autumn’s record industry hurricane losses, Lloyd’s insurer Kiln beat market expectations with a £8.5mn pre-tax profit, as strong investment income, a reserve release and an increase in fees and profit commission from its managing agency...