The stories making waves this week


Neil Clutterback is set to succeed Geoff Moylan as director of underwriting and technical at Allianz Commercial. Moylan retires on 31 May.


Marsh has appointed Daniel Glaser as group president and chief operating officer, Peter Zaffino as chief executive and Alex Moczarski as chief executive of reinsurance division Guy Carpenter.


Distribution director Keith Hector and head of specialist markets Mike Phillips are the latest departures from AXA Commercial following chief executive Amanda Blanc’s shake-up of the business.


Lloyd’s insurer Beazley is targeting a combined operating ratio in the mid-90s for the full year of 2011, despite a $154m (£94.5m) hit from catastrophes so far.


Aon has won the contract for McLaren Group’s Formula 1 team.


Invicta Insurance Services is set to buy the general portfolio of Keith Montgomery Insurance Services. From 1 May, Invicta will also control the motor and commercial portfolios of Fountain Insurance & Investment Services.