Marsh & McLennan has acquired Capstone Insurance Services, an agency located in Greenville, South Carolina, with revenues of $1.8 million.
Willis Re has appointed an experienced executive from Swiss Re to head up its life and health operations in Asia-Pacific, Middle East, Turkey and Africa (APMETA).
Hiscox Re, the newly combined reinsurance operations of Hiscox, has appointed a chief financial officer and a chief operating officer.
UK broker Bluefin has appointed a former Aon executive to spearhead developing a new mergers and acquisitions practice in both the private equity and corporate arena.
Risk modelling firm Risk Management Solutions has partnered with a US initiative designed to quantify and publicise the economic risks the US faces from the impact of climate change.
The insurance arm of XL has launched an insurance solution specifically designed for fine dining and family restaurants in the US.
Bermuda-based re/insurer Endurance Specialty has appointed an executive vice president from Axis Insurance.
Broker Arthur J Gallagher has acquired Mike Henry Insurance Brokers (MHIB), headquartered in Auckland, New Zealand.
Allied World US, part of re/insurer Allied World Assurance Company, has launched a new policy that provides coverage for privacy, network security and media liability exposures, including full limit coverage for regulatory defence, fines and penalties.
The recently closed $245 million catastrophe bond issued by Tokio Marine & Nichido Fire Insurance could prompt other big Japanese insurers to also tap the insurance linked securities (ILS) markets as an alternative means of risk transfer.