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January 2007/6

  • Converium Holdings’ chief executive Inga Beale has continued to re-shape the resurgent company’s senior management with the appointment of Jakob Eugster from Benfield.
  • German insurance giant Allianz today (31 January) reported losses of up to EUR230mn caused by Windstorm Kyrill earlier this month.
  • Bodies representing the reinsurance industry have responded to criticism over their lobbying of Florida lawmakers that last week passed legislation significantly disintermediating the role of property reinsurers in the state.
  • Munich Re said its pre-tax losses from the European Windstorm Kyrill will be around EUR600mn and estimated the overall market loss at EUR5-7bn.
  • Bank of America has launched a Lloyd's syndicate specialising in writing long-tail lines, our sister title The Insurance Insider revealed this morning (29 January).
  • Royal & Sun Alliance Insurance Group plc (R&SA) won a significant victory in its acrimonious battle with General Motors last week after a Michigan Circuit Court ruled...
  • Law firm Barlow Lyde & Gilbert (BLG) is to strengthen its five-partner aerospace team with Neil McGilchrist and associates Anna Anatolitou and Maria Galan joining next month from Gide Loyrette Nouel.
  • The London market has to be "willing to strive, to improve, to challenge, to change" if it wants "all roads in insurance to lead to London", according to Dan Glaser.
  • A record capacity of £16.1bn for 2007, up 9 percent from last year’s £14.8bn, is proof that Lloyd’s remains an attractive proposition for investors, according to rating agency Standard & Poor’s (S&P).
  • German reinsurer R+V has been awarded £14mn, plus interest, in its long-running dispute with the former Lloyd’s-based managing agency Risk, Insider Week can reveal.
  • Aon Corp unveiled a significant restructuring of its senior international management last week which saw the veteran London head Dennis Mahoney relocate to Bermuda.
  • The Insurance Insider’s surveys have always provided an invaluable snapshot of key industry issues and we would be delighted if our readers will again spare a few moments of their time.
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