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  • Heath Lambert – the broker to London’s 2012 Olympics bid – had a double victory last week with news that it had also won a construction account from rival broker Aon following a tendering exercise.
  • UK BPO specialist Xchanging has announced that it will move all its operations to 34 Leadenhall Street, replacing its current three office locations.
  • As the Royal Commission in Sydney Australia continues to take evidence in to the collapse of the 2nd largest domestic Australian insurance company HIH, The Insurance Insider can reveal that its subsidiary FAI was writing PA LMX business via a quota share
  • Beazley Group is looking to launch a Names-backed special purpose syndicate (SPS) to reinsure its treaty account in time for 1 January 2010, which would make it the latest Lloyd's (re)insurer to utilise the sidecar-style structure
  • Beazley Group is looking to launch a Names-backed special purpose syndicate (SPS) to reinsure its treaty account in time for 1 January 2010, which would make it the latest Lloyd’s (re)insurer to utilise the sidecar-style structure.
  • MMC chief executive Michael Cherkasky pointed to the green shoots of recovery in his company's first quarter results on 3 May, but it was also apparent that the global brokers are still operating in a brutally tough trading environment.
  • ACE Global Re said last week that it would look to build its business operations in the finite risk reinsurance market.
  • American International Group (AIG) has continued to make steady progress on its non-core asset disposal programme over the last two months...
  • Heath Lambert has appointed two new staff members to its Aberdeen office as part of its Scottish expansion plans. Mark Webster has joined Heath Lambert as client service director and is responsible for delivering on the group's Service Excellence...
  • US life insurers were handed a boost last week with reports that the Troubled Asset Relief Program (TARP) is to be officially extended to the beleaguered sector.