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.

Barbados headquartered Imagine Group confirmed last week that its president and founding chief executive Brad Huntington had stepped down from the organisation.

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 Group (JLT) plc’s wholesale broker Lloyd & Partners announced on Friday (8 July) two key appointments to its expanding property team, with the arrival of Derek Hansen and Adrian Godlieb from rival Price Forbes.

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.

Although the human cost of last Thursday’s (7 July) coordinated terrorist attack on London’s transport network was grave, the impact on the insurance industry is expected to be minimal, with most claims paid by UK government-backed mutual insurer Pool Re.

French insurance giant AXA has had the financial strength rating of its reinsurance subsidiary AXA Re upgraded from A- to A by AM Best, partly as result of its decision to lend the company EUR150mn to boost its capital.

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.