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September 2010/3

  • Lloyd's has announced it is to set up a dedicated programme to recruit and train 50 claims professionals over the next five years; a figure amounting to 10 per cent of claims personnel currently employed in the market.
  • Shareholders at consulting giant Hewitt Associates voted in favour of the merger with insurance intermediary Aon, pushing the deal one step further to completion
  • Kiln sets up marine operation in Germany; Litmus sees strong demand...
  • John Edwards exits Aon Benfield; New chairman for Lexicon; Ramage joins Whittington...
  • Five years after it purchased life run-off provider LCL, Charles Taylor Consulting (CTC) has finally tied up the loose ends up by issuing £400,000 of stock to the vendors.
  • UK-quoted legacy acquisition firm Randall & Quilter (R&Q) has bought Guy Carpenter's US/UK run-off businesses Resolution Solutions (RSL).
  • Liberty Mutual is looking to raise up to $1.41bn to repay debt by floating its agency business in New York - in what would be the biggest initial public offering (IPO) in the US so far this year.
  • Ace reported a $1.1bn acquisition of US crop insurer Rain and Hail Insurance Service and a separate $200mn deal to buy Malaysian business Jerneh Insurance Berhad
  • First-half average net losses on underwriting in the private US property and casualty (P&C) sector deepened to $5.1bn from $2.1bn a year earlier on declining earned premiums, according to ISO and the Property Casualty Insurers Association of America (PCI).
  • The senior management of CV Starr's accident and health subsidiary are in negotiations with industry legend Hank Greenberg to buy themselves out of the parent holding company.
  • London-based specialist agency Sciemus claims its new analytical tool for assessing wind turbine risks will enable it to provide more accurate risk premium quotes to potential customers.
  • Five months after Marsh set Gibbs Hartley Cooper (GHC) up as its independent London market wholesale broker the search continues for a CEO, The Insurance Insider has learnt.