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.

Bermudian (re)insurer Aspen has been removed from ratings review with negative implications by AM Best, which has affirmed the firm’s A- (Excellent) financial strength rating. The rating agency also affirmed Aspen’s insurer credit rating of...

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...

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 last...

Bermudian property catastrophe reinsurer IPCRe has today (23 January) revealed a modest increase in the estimated impact from hurricanes Katrina and Rita, together with an estimated net impact of $105mn from Hurricane Wilma, after reinstatements.