January 2006/5

Veteran London market figure Graham White and Ewen Gilmour, the chief executive of Chaucer Syndicates Ltd, have won the election to become members of the Council of Lloyd’s.

Hurricane hit Bermudian property catastrophe specialist PXRE revealed last week that it has entered into a second $200mn letter of credit facility with Citibank Ireland Financial Services plc. Under the One-year secured facility with Citibank...

In a critical year for UK commercial insurers to demonstrate compliance with the regulatory imposed deadlines on contract certainty, Brit Insurance Holdings plc has stolen a march on its peers by announcing that it has reached 75 percent compliance...

Kiln and Wellington head the list of UK quoted Lloyd’s insurers whose management have negligible equity ownership in the companies’ stock, according to research from the securities house Numis Securities. In contrast, the management teams of Hiscox...

Swiss Re’s strategy of bundling up its risk exposures and selling them on to the capital markets took a step further today (23 January), when the reinsurance giant announced it had completed an innovative EUR252mn credit reinsurance securitization.