July 2006/5

HCC Insurance Holdings' stake in Heritage Underwriting Agency plc will more than halve once the Lloyd's insurer completes its plans to list on London Stock Exchange’s Alternative Investment Market.

Tony Latham, the long-serving head of Global Relations at Royal & Sun Alliance, is set to leave the UK headquartered insurer next year, Insider Week can reveal.

The Lloyd's Market Association has reignited the debate over broker remuneration with its chairman Andrew Kendrick calling again on the UK regulator to make disclosure of commissions compulsory.

Bermudian-headquartered (re)insurer Lancashire Holdings Ltd is planning to form a UK licensed insurer, Lancashire Insurance Company (UK) Ltd (LUK).

Aeolus Re looks set to become the latest reinsurance vehicle to land on Bermudian shores, Insider Week can reveal.

Lloyd's syndicates will have access to a pool of securitised reinsurance capacity next year with the creation of Thunderbird Re, a Cayman Islands domiciled special purpose reinsurer.