July 2005/2

Amlin has walked away from its proposed bid for fellow Lloyd’s vehicle Chaucer.

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.

Heath Lambert – the broker to London’s 2012 Olympics bid – had a double victory last week with news that it had also won a construction account from rival broker Aon following a tendering exercise.

Omega Underwriting Holdings plc has until the 1 August to table a fresh offer for its fellow Lloyd’s insurer Hardy Underwriting Group plc or withdraw its interest, according to a ruling from the London Stock Exchange Panel Executive.

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 last Thursday (7 July).

Nigel Barton’s greenfield insurance intermediary Oxygen Insurance Brokers has signed up its first heavyweight London market broking teams.

Jardine Lloyd Thompson plc has recruited the former chief executive of Guy Carpenter’s UK arm Keith Fenwick to the organisation, Insider Week can reveal.

UK listed insurer Brit Insurance Ltd has welcomed the affirmation of its financial strength and credit ratings by AM Best.

GoshawK Insurance Holdings – the owner of Bermudian reinsurer Rosemont Re – revealed today that it has expanded its book by around 35 percent this year.

ACE unveiled a series of management reshuffles last week in both its primary and reinsurance operations.

The UK quoted reinsurer Alea Group Holdings reassured shareholders that its 2005 business was continuing to perform “in line with its expectations” last week.

UK insurer Royal & Sun Alliance received a fillip from rating agency Fitch Ratings last week when its financial strength rating was upgraded from BB+ to BBB.