September 2008/4

Chris Wallace the head of the commercial client practice at Marsh UK has left the company "to pursue other interests", The Insurance Insider has learned.

Reinsurance broker US Re Corp has appointed former Generali executive Riccardo Nicolini as senior vice president.

The New Jersey based run-off commutations event which takes place next month is poised to be the largest yet with around 450 delegates now expected.

Global electronic banking payments specialist SWIFT is to provide an electronic platform for electronic data transmission to a group of major reinsurance players.

Ariel Reinsurance Company Ltd has appointed Ryan Mather to the newly-created role of chief underwriter, property reinsurance.

US broker Arthur J. Gallagher has announced the acquisition of London-based underwriting agency Oxygen Insurance Managers Ltd, from its broker parent Oxygen Holdings Plc, as previously revealed by The Insurance Insider.

AIM-listed Randall & Quilter Investment Holdings plc has announced the acquisition of the parent company of run-off group KMS Group of Companies for £1.78mn, as it continues to eye further acquisitions.

Beazley Group has acquired the London-based personal accident underwriting agency Momentum Underwriting Management Ltd (MUM) for up to $37.5mn, the quoted Lloyd's insurer has revealed.

HSBC Insurance Brokers has become the latest broker to access the emerging Middle East market after gaining a licence for Qatar.

Aon's energy team is set to receive a boost with the appointments of two energy brokers from Jardine Lloyd Thompson.

The Insurance Futures Exchange (IFEX) revealed that from 19 September the Chicago Climate Futures Exchange (CCFE) began listing third and fourth event contracts for all its event linked futures (ELF) contracts.

Loss estimates from Hurricane Ike have been narrowed by two leading catastrophe modelling firms, as loss adjusters continue to count the cost of the damage.