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July 2006/5

  • Lloyd's resilience to last year's record round of hurricane losses was highlighted in two reports last week, as reinsurance broker Guy Carpenter & Co and rating agency Moody's praised the market’s performance under the watchful eye of...
  • Benfield's space subsidiary International Space Brokers (ISB) has re-signed Benoit Condroyer to spearhead the expansion of its Spanish operations.
  • Willis Group head Joe Plumeri has welcomed the arrival of petroleum executive Anna Cheng Catalano to the broker's board as bringing a "global, multi-cultural perspective" to the firm.
  • Mid-cap reinsurance companies geared to the prospect of bumper returns in the property catastrophe market are likely to outperform their large-cap peers, according to analysts at Morgan Stanley.
  • 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.
  • 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.