September 2014/4

The departure of Pimco's founder and co-chief investment officer (CIO) Bill Gross is unlikely to cause a major shift in insurers' portfolio holdings, according to initial conversations The Insurance Insider has had with a number of carriers.

ANV group chief executive Matt Fairfield will take on the additional role of interim CEO of ANV Syndicates Limited (ASL) from 1 October, following the departure of current managing director Peter Haynes.

David Bruce, the co-founder and active underwriter of fledgling Lloyd's business Acappella, announced his resignation from the firm last week.

Diversified Lloyd's business ANV announced a number of arrivals and departures within its Syndicate 5820 consumer products team.

Names-backed Lloyd's blue chip carrier Managing Agency Partners (MAP) last week confirmed that it would will reduce its syndicate's capacity from £453mn in 2014 to £400mn for 2015.

Private assets push; Argo Re launch; Burke sells; Deere & Co confirms; Bruce departs; Dawe closes; Scaling back; Going direct; ANV expands; Apollo flies; Stress test; Mamda Re; Ace policy; Regan joins; Catalina to acquire; New pioneer; Gulf Re on review; Quindell questions

The UK government is doing everything it can to stem the risk posed by cyber crime, City of London Police Commissioner Adrian Leppard told a London Market Claims Council audience last week.

Aegis London has lured Nigel Roberts, chief placement officer for Willis's global specialities unit, away from the big three broker, The Insurance Insider revealed earlier.

Seasoned former QBE aviation underwriter Paul Leatherbarrow is to join the fledgling Apollo Syndicate 1969 to build an aviation book, The Insurance Insider can reveal.

State-owned Chinese carrier China Re will launch a full Lloyd's syndicate on 1 January after receiving in-principle approval from the Franchise Board last week (23 September), The Insurance Insider can reveal.

As global corporations get bigger and bigger, are the days of the "rock star" executive numbered?

Global P&C insurer Ace is contemplating a major multi-year follow-form reinsurance facility with a select group of carriers in addition to its proposed internal hedge fund reinsurer, The Insurance Insider can reveal