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Soon-to-be-famous five

The British Insurance Awards finalists, judges and sponsors gathered at The Merchant Taylors' Hall i...

Appointment at Forbes

Two members of Forbes Solicitors' defendant insurer team have been promoted. Elizabeth Bower and ...

Brit adds underwriter from Munich Re

Brit Insurance, the international general insurance and reinsurance group, today announces the appointment of Kevin Fol ey as Class Underwriter - International Property, within its Global Markets business.

Randall & Quilter makes acquisition

Randall & Quilter, the AIM traded run-off management service provider and acquirer of solvent insurance companies in run-off, said it has acquired the captive insurer of bankrupt British store chain Woolworths from the chain's administrators, Deloitte.

Avoca brings in Fac specialist from Munich Re

Avoca Insurance Holdings, the Bermudian (re)insurer, announced today that Kevin Smith has been named president of its Bermuda-based facultative and program underwriting subsidiary, DirectFac.

Arch adds senior exec from The Hatford

Arch Insurance Group, a subsidiary of Bermudian (re)insurer Arch, said that David McElroy has joined as president of the newly-created financial and professional liability products group of Arch Insurance's US-based operations.

Hyperion makes acquisition

Hyperion Insurance Group today announced that its broking arm, Howden, has signed a deal to acquire Hendricks & Co GmbH, the specialist Directors and Officers (D&O) and Commercial Legal Expenses broker in Germany.

Renaissance Re agrees to buy Spectrum

RenaissanceRe, the Bermudian (re)insurer, has said that it has agreed to acquire Spectrum Partners, Ltd., whose principal operating subsidiary is Spectrum Syndicate Management, a Lloyd's Managing Agent.

JLT Re adds two more

JLT Re, the reinsurance broking arm of Jardine Lloyd Thompson, has appointed Michel Fernandez as executive vice president and Greg Habay as senior vice president for JLT Re's North American property practice.

Moody's gloomy on Transatlantic Re

Moody's Investors Service has placed the Aa3 insurance financial strength rating of Transatlantic Reinsurance Company on review for possible downgrade, as well as the A3 rating on senior debt of Transatlantic Holdings, Inc. (NYSE: TRH).

AIG prices stake in Transatlantic Re

AIG has said that it has priced its underwritten public offering of 26m shares of US reinsurer Transatlantic Holdings, common stock owned by AIG and its subsidiary, American Home Assurance Company (AHAC), at $38 per share.

The Hartford CEO to retire

The Hartford Financial Services Group, the troubled US insurer, said that its chairman and chief executive Ramani Ayer is to retire by the end of 2009.

Rates to rise for marine insurance - Aon

Ship owners are facing challenging negotiations at 2009/10 renewals as marine insurers seek rates increases on all classes of business. However, according to a report from Aon, abundant capacity means competitive forces will create a balancing act in the…

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