February 2007/5

Converium has laid out a “road map” to generate a sustainable return on equity (ROE) of 14 percent by 2009 as it continues to fend off advances from rival SCOR.

Bermudian ACE's London market operation has poached Kiln underwriters Mark Adams and Richard Bayman to bolster ranks in its aviation division.

Sal Zaffino, the chairman of Guy Carpenter & Co since 1999, has retired from the firm, the reinsurance broker confirmed last week.

Risk Management Solutions (RMS) has released the "RMS Infectious Disease Model", the first commercially available probabilistic model for assessing the risk of influenza pandemics across multiple countries.

The worst of the asbestos related difficulties faced by (re)insurers may now be in the past, according to a report by ratings agency Standard & Poor's (S&P).

Lloyd's insurer Amlin plc has become the first carrier in the London market to offer brokers the option of placing electronically through peer-to-peer systems or an electronic hub.

Stephen Way has formally completed his departure from HCC Insurance Holdings, the company he founded in 1974, at the same time as the firm announced a 79 percent leap in profits last year.

Delaware insurance commissioner Matthew Denn had some harsh words for Royal & Sun Alliance (R&SA) despite giving the green light to spin-off its run-off US subsidiary last week.

Lloyd's looks set to approve a new syndicate later this week staffed by senior underwriters who left the Bermudian (re)insurer Aspen Insurance Holdings Ltd last year.

Expanding US broker Hilb Rogal & Hobbs has seen Bear Stearns upgrade its forecast earnings on the back of its accelerating acquisition strategy.

Lockton International, the ambitious arm of US broker Lockton Inc, has appointed former JLT exec Tony Hardy as managing director, Global Casualty, to build its business in the North American, European and wider international markets.

Three of the world's largest (re)insurers, Munich Re, Swiss Re and Allianz, have signed a declaration issued by the Global Roundtable on Climate Change (GRCC).