Jardine Lloyd Thompson says Alastair Speare-Cole will join JLT Reinsurance Brokers Ltd. as chief executive subject to regulatory approval.

The proposed sale of 300 million shares of American International Group stock got a thumbs-up from Moody’s, which says the company has the right pieces in place to improve its operating return, but notes earnings volatility ahead as it faces a number of challenges.

The proposed sale of 300 million shares of American International Group stock got a thumbs-up from Moody’s, which says the company has the right pieces in place to improve its operating return, but notes earnings volatility ahead as it faces a number of challenges.

The outlook for the insurance industry is not so rosy as reserve releases and other economic trends are putting pressure on company performance, according to two industry observers.

The outlook for the insurance industry is not so rosy as reserve releases and other economic trends are putting pressure on company performance, according to two industry observers.

Arthur J. Gallagher pulled off a major acquisition in London, acquiring Heath Lambert Group Holdings, Ltd. for $158 million.

Claims from the earthquake that shocked the Murcia region of Spain on Wednesday will cost the state owned insurer around $100 million, risk-modeling firm EQECAT says.

Risk modelers are still assessing the earthquake that rocked a portion of Southern Spain on May 11, taking the lives of at least eight people and damaging thousands of buildings.