February 2006/3

Stone Point Capital, the former private equity arm of MMC, formed a new wholesale broker last month which is designed to capitalise on the changing dynamics of the broking model. Mercator Risk Sevices will provide wholesale and specialty services...

Industry veteran Bob Clements exclaimed he has never had so much fun in his business career as he builds his broking start-up Integro Ltd. The former chairman of J&J Marsh & McLennan Inc was in London last month to celebrate the opening of Integro’s...

The question of whether reinsurers or reinsureds are liable to pay premiums to their brokers could be tested in the UK courts again this year when Absalom v TCRU reaches trial. The obligation appeared to have shifted to the reinsured during...

Ex-Gen Re and AIG execs indicted over $500mn reinsurance deal; Omega gets Bermuda licence; Swiss Re completes EUR252mn credit reinsurance securitisation; Kanak resigns from AIG; Arch raises $200mn; Hannover Re completes $370mn cat bond; Validus makes 1/1;

A potential beneficiary from Kinnect's demise was RI3K, the electronic reinsurance trading platform owned by Brit Insurance Holdings. In addition to Brit – which has financed all of RI3K’s £20mn of development costs – the hub is used by...

Despite the closure of Kinnect, an elite group of Lloyd’s insurers have banded together to drive down trading costs in London. A breakaway group of powerful Lloyd’s insurers has combined with a view to co-operate on areas of mutual benefit...

Atrium gives upbeat trading statement; Insurers win pleural plaques appeal; Kendrick replaces Brit CEO as LMA chairman; Rubicon Corp forced to call in administrators; Brit profits ahead of expectations; et al