July 2005/1

David Spiller has resigned from his position as CEO of Benfield Group's International Division, the company announced in a statement to the London Stock Exchange this morning (7 July).

Share prices in Lloyd's (re)insurers have fallen sharply in response to the explosions which rocked London this morning.

Lloyd’s is parting company with two senior executives as part of a restructuring that will see the Corporation move further away from a regulatory emphasis to one of operational risk management.

Start-up broker Integro Ltd has added to its growing roll call with the appointment of Craig Lowenthal as managing director and chief information officer.

World’s second largest broker Aon has appointed Michael Reynolds as chief financial officer of Aon Re International (ARI) and Aon Re UK, in addition to his role as CFO for Aon Captive Services Group.

The Pension Protection Fund (PPF) has confirmed that the three pension schemes of insurance broker Heath Lambert have entered into an assessment period.

Reinsurance broker Benfield’s strategy of growing its corporate primary business received a fillip with news that it has won the Seacor account from rival Marsh.

Sparks fly as fund manager lambasts management of Rosemont Re ahead of AGM. The largest shareholder in UK quoted reinsurer GoshawK has gone public with scathing criticisms of the company’s management in a letter sent to fellow shareholders ahead of...

Ratings agency AM Best has affirmed its syndicate rating of “A” (Excellent) and the issuer credit rating of “a” of Markel managed Lloyd’s Syndicate 3000, with both ratings on a stable outlook.

Lloyd's underwriter Hardy has provided details of the shareholders backing it in fending off the unwelcome attentions of fellow Lloyd's insurer Omega.

German reinsurer Hannover Re has revealed plans to realign its under performing US subsidiary Clarendon away from program business to specialty insurance, potentially cutting gross premiums by $1bn and increasing group net retention to 80 percent over...

Despite a softening market, Bermuda-headquartered (re)insurer Aspen last week (28 June) announced it expects its 2005 gross written premiums to be 20 to 25 percent higher than in 2004.