July 2005/5

Aon is thought to have won part of the prestigious Exxon Mobil account from its rival Marsh, according to sources.

In the July edition of The Insurance Insider we incorrectly say that QBE’s European Commercial division and its European Retail division were to merge to create a single Dublin based operation.

Lloyd's insurer Heritage Underwriting Agency Ltd has terminated discussions with potential buyers of the business explaining that they “did not consider that any of the proposals received reflected the value of the business to all of its shareholders”.

RenaissanceRe’s shares fell more than 6 percent in early trading today (25 July) after the company revealed that the Securities & Exchange Commission (SEC) intends to bring a civil enforcement action against the reinsurer’s chairman and chief executive...

Hannover Re has not always welcomed unsolicited financial strength ratings, but there was no comment from the German reinsurer last week following Fitch Ratings’ decision to assign an A+ to the company.

Seattle headquartered property/casualty insurer Safeco has announced that Mike McGavick, its chairman and CEO, will step down in August to enter politics.