Sarah Veysey (mailto:SVeysey@BIEurope.com)
LONDON?David Batchelor will succeed Alex Moczarski as chief executive officer of Marsh Inc.?s operations in Europe, the Middle East and Africa, the brokerage announced. Mr. Batchelor currently is head of Asia Pacific for Marsh. He will relocate to London from Hong Kong in the coming months,...
NORWICH, England? About 650 back-office employees of Marsh Ltd. will transfer to The Capita Group P.L.C. in April. Under the agreement, Capita will create a service center in Marsh?s current Norwich, England premises, it said in a statement. Some services currently provided offshore by an...
LONDON?The London Market Insurance Brokers? Committee and the New York-based standards body Association for Cooperative Operations Research and Development have formed a committee to increase communication between ACORD and medium and small brokers in the London market. The two bodies said the...
ZURICH, Switzerland?SCOR Holding (Switzerland) Ltd. has delisted its American Depository Shares from the New York Stock Exchange. SCOR said in a statement that the decision to delist from the New York exchange, and to terminate the registration of its securities under the U.S. Securities...
Catlin buys cat bond for U.S. exposures HAMILTON, Bermuda?Catlin Group Ltd. has bought catastrophe bond protection totalling $225 million for U.S. earthquake and hurricane exposure. Catlin said that its Catlin Insurance Co. Ltd. unit had entered into the three-year catastrophe protection...
LONDON?London-based brokerage Jardine Lloyd Thompson Group P.L.C. has established an underwriting operation, Thistle Underwriters Ltd. JLT said the move was part of a strategic review undertaken by the brokerage that ?identified that there is a substantial business opportunity for JLT to...
LONDON?The Financial Services Authority has banned four individuals for dishonest involvement in reinsurance business that funnelled significant losses into Sphere Drake Insurance Ltd. The London-based FSA, the U.K. insurance regulator, said in a statement it had banned John Hubert Whitcombe,...
PARIS?Paris-based reinsurer SCOR S.E. announced that its Swiss unit, SCOR Holding (Switzerland) Ltd. intends to delist its American depository shares from the New York Stock Exchange and terminate the registration of its securities under the U.S. Securities Exchange Act of 1934. Zurich,...
LONDON?The Financial Services Authority has announced it will carry out a further investigation into possible inefficiency in the nonlife insurance market, before it takes a decision on whether to mandate disclosure of insurance intermediary remuneration. In an independent report published...
LONDON?Runoff management services company Randall & Quilter Investment Holdings P.L.C. has announced it intends to float on the London-based Alternative Investment Market. The company said its market capitalization on admission to AIM would be $142 million. The company comprises three...
