December 2006/1

Lloyd’s insurer Hardy Underwriting announced an improved forecast for the 2005 year of account of its managed Syndicate 382 on 29 November.

Willis Group Holdings Limited is to lose a member of its senior management as the broker confirmed that Tom Colraine is to leave the firm after 18 years.

Three US state attorney generals have written to (re)insurers telling them that they must end special commissions to agents and brokers as agreed in an earlier settlement.

The Asia Pacific market has attracted a $565mn capitalised Singapore-based reinsurance start-up, Asia Capital Re, as private equity backers look for strong returns in the fast growing region.

Allianz subsidiary Fireman’s Fund Insurance Company has appointed Joseph Beneducci as its CEO, starting 1 January 2007.