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  • Hiscox plc has named a successor to Rob Childs as chief executive of its Bermudian subsidiary with the appointment of Charles Dupplin, currently chairman of the Lloyd's insurer's Art and Private Client division and director of Mergers and Acquisitions.
  • Lloyd's has warned its franchisees to expect the Central Fund levy to double next year from a current 0.5 percent of capacity to 1 percent as the Society looks to bolster its financial strength.
  • Fresh from its dispute with Lloyd's, Moody's has been attacked by Hannover Re after downgrading the reinsurer from Aa3 to A2.
  • Zurich Financial Services (ZFS) has confirmed that it has made a $30mn settlement for a class action lawsuit in the US.
  • London-based aviation pool Global Aerospace Underwriting Management (GAUM)’s US unit Global Aerospace Inc leads the cover on the Continental Airlines jet which was destroyed as it crashed during take-off on 20 December, The Insurance Insider can confirm.
  • As we approach the heart of the European reporting season, UBS Warburg has warned that investors will have to wait another year before reinsurers' results properly reflect the improved rating environment.
  • Houston Casualty Company Insurance Holdings Inc, the US based specialty insurer, unveiled strong earnings for the second quarter with net earnings increasing 29 percent to $34.7mn.
  • Lloyd’s has set out the cost of setting up and running its electronic risk placing system, Kinnect.
  • Cayman Islands reinsurance vehicle, Greenlight Capital Re, said it had second quarter earnings of $21.3mn – a three hundred percent increase on its inaugural second quarter last year.
  • Insurance private equity firm MMC Capital has rebranded as Stone Point Capital, following the completion of its management buy-out from MMC.