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February 2007/2
  • Swiss Re sees renewals growth through GE acquisition
    Fuelled by its acquisition of GE Insurance Solutions (GEIS), Swiss Re reported a 14 percent increase in business at the January renewals, the equivalent of SFr1.3bn.
    13 February 2007
  • Eckert retires from ZFS
    Giant Swiss insurer Zurich Financial Services Group (ZFS) has announced Peter Eckert, the group’s chief operating officer, is to retire at the end of the month.
    12 February 2007
  • Endurance premiums rise on specialty growth
    Endurance Specialty Holdings Ltd booked year-on-year premium growth in excess of 10 percent as it reported 2006 net profits of $498.1mn and record annual return on equity (ROE) of 25.6 percent.
    12 February 2007
  • White appointed as new Lloyd’s deputy chairman
    Veteran London market figure Graham White was appointed as the new deputy chairman of Lloyd's by the Council of Lloyd's on 5 February.
    12 February 2007
  • Beazley launches US commercial property business
    Lloyd's insurer Beazley Group plc has announced that it will begin underwriting US commercial property business on an admitted basis.
    12 February 2007
  • AIG unit boosts terrorism capacity
    Giant US insurer American International Group's (AIG) Lexington Insurance Co has increased its capacity of commercial domestic property terrorism insurance to $250mn from $100mn.
    12 February 2007
  • Internet trading launched with Easy Placement
    Market information and analysis firm Advisen Ltd has teamed up with messaging specialist Web Connectivity Ltd to launch, Easy Placement, a web-based software programme that enables brokers to...
    12 February 2007
  • ‘Gold-plated’ reinsurance key to Equitas deal
    "Gold-plated" reinsurance was key to the landmark $7bn deal between Equitas and Berkshire Hathaway according to Scott Moser, CEO of the Lloyd's run-off vehicle.
    12 February 2007
  • Willis cut another 100 jobs despite upswing in profits
    Insurance broker Willis Group Holdings revealed it would be reducing its headcount by an extra 100 people as it announced its annual profits had grown to $449mn last year, compared to $281mn in 2005.
    12 February 2007
  • Benfield continues to bolster Fac team
    Reinsurance broker Benfield Group has bolstered its Fac team again with the appointment of Michael Lazarus as head for Australia, New Zealand and South Africa.
    12 February 2007
  • Guy Carp appoints Junnarkar as CFO
    Reinsurance broker Guy Carpenter has appointed Ajay Junnarkar as its chief financial officer as it seeks to "further its capital markets capabilities".
    12 February 2007
  • Besso appoints adviser to consider sale options
    Besso Holdings Ltd, the London market broker which is set to announce a leap in profits for 2006, has appointed an adviser to consider its offers which could involve the sale of its shares.
    12 February 2007
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