Berkley Re UK has established a new global facultative property capability based in London and hired a former XL Re executive to run it.
Shipping insurance firm The American Club has made a strategic investment in American Hellenic, a Cyprus-based hull insurance company, as part of a global expansion and diversification initiative.
Business processing company Xchanging has announced it has received separate approaches from process management firm Capita and private equity firm Apollo Global Management, which may lead to an offer being made for Xchanging.
Clem Booth, formerly a senior executive with Allianz, Munich Re and Aon Re, has been appointed as non-executive chairman of DUAL, the underwriting arm of insurance group Hyperion. He will also become a non-executive director on the board of Hyperion.
Re/insurance broker Aon has appointed John Cullen, currently chief financial officer of its global risk solutions segment, as chief executive of Aon Risk Solutions (ARS) EMEA. He will replace Rob Brown.
Greg Carter, the recently appointed managing director, analytics, EMEA at AM Best talk to Intelligent Insurer about being a workaholic, his passion for the insurance industry and his love of a good symphony.
Despite a quiet third quarter for the traditional catastrophe bond market, the cat bond lite market has continued to push ahead.
US insurance broker BB&T has agreed to acquire a 16.9 percent share in broker Miller from Willis.
Berkshire Hathaway Specialty Insurance (BHSI) has expanded its executive and professional lines leadership team with a number of appointments.
Morgan Stanley Investment Management has appointed Ryan Jaggers as head of North America insurance sales.