Lloyd’s/London
Willis snags senior fac exec from Guy Carpenter
Willis has brought Hugh Powell from Guy Carpenter to lead a part of its facultative reinsurance broking division.
Towers Perrin UK arm not looking for sale - sources
Towers Watson's UK business is not looking to be sold, a senior source told Reinsurance
Axis expects $136m life derivative hit
Bermudian reinsurer Axis Capital said that it expeects to lose $136m on a longevity risk derivative contract, which will be reported in the third quarter's results.
Lloyd's insurer in global warming warning
Catlin research claims Arctic Ocean will be ice free in a decade.
Brokers upbeat on prospects for 2009
Brokers are upbeat on the prospects for 2009, senior management has told an AM Best conference
Willis in management reorganisation
Willis Re has announced some widespread changes in senior management.
Housley joins new Rowell syndicate
Former Axis specialty chief joins Johnny Rowell's new syndicate, Reinsurance has learned.
Reinsurance demand expected in 2009 not materializing - AM Best
Reinsurance demand expected in 2009 is not materializing, according to AM Best
JLT raids Aon for Asia boss
Dominic Burke hails capture of Anthony Longridge in regional push.
Run off market increased by 30% in 2008
Annual KPMG report claims market is worth £37.4bn.
Edge IPK and Watertrace announce London market products
Technology firm and management consultancy to offer back office solutions
Third quarter Cat bond activity up -Guy Carpenter
Third quarter Catastrophe bond issuance is up, according to Guy Carpenter
Hannover Re gets China license
Hannover Re has received approval to open a branch in Shanghai for non-life reinsurance.
The full Monte
The 2009 Reinsurance/PricewaterhouseCoopers roundtable lunch saw some good-natured sparring between friends and rivals over the hot topics of the day - from the problems thrown up by AIG's troubles to Solvency II and US cage-rattling over Bermuda.
The rise of London
The evolution of US workers' compensation insurance has allowed the London Market to take a leading reinsurance role, write Keith Harrison and Bruce Hockman.
Aon Benfield looking into acquisitions again - sources
Aon Benfield is on the hunt of acquisitions, sources have told Reinsurance.
Swiss hailstorms may cost over 700m CHF
July's hailstorms in Switzerland may cost over 700m CHF, Guy Carpenter has said.
Market Reform Group rebranded as the London Market Group
MRG renamed London Market Group and widens scope
Typhoon losses may cost insurers up to $1.5bn
Typhoon Melor that landed in Japan may cost insurers up to $1.5bn, according to modelling agency AIR.
Lancashire in renewable energy joint venture
Bermudian reinsurer to offer renewable energy cover with underwriting agency GCube.
US health reforms would cost $829bn
US health reforms proposed by the US Senate Finance Committee plan would cost $829bn, a watchdog has said.