The stories making waves this week
Promotion
Neil Clutterback is set to succeed Geoff Moylan as director of underwriting and technical at Allianz Commercial. Moylan retires on 31 May.
Three
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.
Goodbye
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.
Ambition
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.
Win
Aon has won the contract for McLaren Group’s Formula 1 team.
Acquisition
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.
