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January 2007/5
  • RAA pursues regulatory reform
    The Reinsurance Association of America (RAA) has called for comprehensive regulatory reform for reinsurance this year.
    22 January 2007
  • Barrette replaces White Mountains execs
    Bermudian (re)insurer White Mountains Insurance Group announced today (22 January) that Ray Barrette has taken over from Steve Fass as CEO and Jack Byrne as chairman.
    22 January 2007
  • Frankland takes over Guy Carp’s UK operations
    Nick Frankland, has been appointed as CEO of reinsurance broker Guy Carpenter’s UK operations following David Priebe’s return to the US as head of Global Specialty Group.
    22 January 2007
  • Europe needs a PCS: Swiss Re
    Swiss Re, the Zurich headquartered reinsurer which is pioneering the industry’s collaboration with the capital markets, has called on the creation of a new index for European natural catastrophes.
    22 January 2007
  • R&SA defends spin-off decision
    UK insurer Royal & Sun Alliance Group plc's (R&SA) attempt to cut itself free from its US run-off business was heard at a public meeting last Friday (19 January).
    22 January 2007
  • Florida set to expand state reinsurance cover
    After a weekend of heavy legislating, Florida’s lawmakers have hammered out a bill to provide rate reductions on homeowners’ insurance costs which is likely to have a significant impact on the US property & casualty industry.
    22 January 2007
  • Reinsurers refuse to acknowledge North Korean claims
    A group of reinsurers which have been joined to Allianz over legal proceedings regarding a controversial North Korean claim have refused to acknowledge the lawsuit.
    22 January 2007
  • Goodman departs Cooper Gay
    London-based reinsurance broker Cooper Gay has announced that Jeremy Goodman, the managing director of its US-based Cooper Gay Steele reinsurance broking operation, will leave the company for personal reasons.
    22 January 2007
  • ‘Independent Three’ back in court
    The preparatory hearing of the ‘Independent Three’ former directors of the collapsed UK insurer Independent Insurance took place at Southwark Crown Court this morning (22 January).
    22 January 2007
  • CMGL to provide claims management for Syndicate 4242
    Run-off services provider CMGL announced on 19 January that it has been appointed to provide claims management services for ICM Syndicate 4242.
    22 January 2007
  • Tiner steps down from FSA
    The CEO of the UK regulator, the Financial Services Authority (FSA), announced he would be stepping down in July this year in an unexpected announcement on 16 January.
    22 January 2007
  • Levene welcomes Indian proposals
    Lloyd's has welcomed news from India that its Finance Minister may open the country further to international investment.
    22 January 2007
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