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  • Reinsurer broker Benfield has appointed Chris Cook to its aviation insurance team, where he will focus on major aviation risks.
  • Fulham Football Club has issued a High Court writ against a consortium of Lloyd’s syndicates for failing to pay personal accident (PA) claims on one of the club’s former players.
  • Disgraced broking group Stirling Cooke Brown (SCB) – now renamed AlpahStar Insurance Group - is considering suing co-founder Nicholas Brown for his involvement in the group’s collapse.
  • $110mn has been transferred to the California Insurance Commissioner as part of a settlement in the five-year investigation into the Executive Life saga, United States Attorney Debra Yang said last week.
  • Marsh & McLennan chief executive Jeff Greenberg reassured investors that the group will continue to receive compensation for its broker services, despite New York attorney general Eliot Spitzer’s investigation into the practice.
  • Following his targeting of uber broker Marsh for its use of PSAs (see Insider Week passim), New York attorney-general Eliot Spitzer has now set his sights on another Marsh & McLennan (MMC) subsidiary, namely Mercer Human Resource Consulting.
  • Last week was another hive of activity at fast growing (re)insurance group White Mountains as it was revealed that investment giant Berkshire Hathaway had taken a 16 percent stake, while subsidiaries Folksamerica and recently acquired Sirius were subject
  • Bermudian (re)insurer XL will be praying for good weather this summer after revealing its subsidiary XL Trading Partners has tied up a derivative deal with Corney and Barrow Wine Bars in London to pay out if there’s a shortage of hot days.
  • A new property treaty reinsurance underwriting team has been formed at Lloyd’s insurer Wellington Underwriting, headed by former Beazley catastrophe, risk & aggregate excess of loss underwriter Will Curran.
  • Lloyd’s specialist insurer Hardy has announced the appointment of George Doughty as underwriter for political risks, a class of business it has not provided until now.