January 2006/4

Lloyd’s insurers Talbot Underwriting and Cathedral Underwriting have pointed out that they have not currently agreed to back the $250mn+ London market space consortium being supported by Liberty Syndicates, despite the suggestion to the contrary in...

World’s biggest insurer American International Group (AIG) announced last night (18 January) that its executive vice chairman and chief operating officer Donald Kanak is leaving the company at the end of the month, after less than a year in the role.

Seven changes are expected to Converium’s board of directors when shareholders meet in April for the company’s Annual General Meeting.

Swiss Re is planning to shed 10-15 percent of its workforce after completing the takeover of GE Insurance Solutions (GEIS) in a $7.6bn deal.

Run-off services provider CMGL has launched a fraud investigations unit under the auspices of John Halls, who returns to the company after six years at Omni Whittington and Axiom.

2005 was a terrific year for European insurance stocks, but investors should now prefer the life sector, over property & casualty, warned analysts at Merrill Lynch.

French reinsurer SCOR has hinted at a strong renewals season saying the group has improved its "positioning" by experiencing "satisfactory conditions on all the markets (excluding the United States) on which the Group operates".

US private equity house Hellman & Friedman LLC has withdrawn from the planned acquisition of Zurich Financial Services’ US auto arm Universal Underwriters following the discovery of regulatory irregularities.

Management at HCC have confidently predicted that the firm will achieve, or better, its consensus earnings of $2.55 per share for 2006.

Insurance giant ZFS is mulling over a significant German acquisition, according to sources. The Zurich-headquartered firm – which has been widely tipped to participate in M&A activity this year – is thought to be considering a mid-tier...

World’s largest broker Marsh last week announced three senior appointments, including the capture of James Pierce Jr from rival JLT to chair its global marine and energy division.

The senior management team of Integro Ltd are in London later this month to formally celebrate the opening of the broker’s first European office.