September 2008/4

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.

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

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.

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.

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.

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.

The collapse of Lehman Brothers made its impact felt in the reinsurance convergence markets last week as ratings agency Standard & Poor's (S&P) put tranches of four cat bonds guaranteed by the failed investment bank on negative watch.

Ratings agencies have continued to be cautious on American International Group Inc's (AIG) prospects despite its $85bn US Government rescue on Tuesday (16 September).

After a week of unparalleled upheaval in the financial world, the US Federal Reserve last night effectively signalled the end of the investment bank model as it agreed to convert Morgan Stanley and Goldman Sachs Group...

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

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

Swiss Re is backing Galileo Underwriting LLP, a new equine bloodstock underwriting agency based in London, The Insurance Insider can reveal.