July 2007/4

Law firm Sidley Austin has confirmed the appointment of Dorothy Cory-Wright to head up its new London-based (re)insurance dispute practice.

Bermudian (re)insurer XL Capital has appointed Brian Nocco as its new chief financial officer.

Reinsurance broker Guy Carpenter & Company LLC has announced several senior European appointments, aimed at enhancing the firm’s enterprise risk management and capital markets capabilities.

Creditors of Bryanston Insurance Company Limited are to receive a payment percentage of 59 percent after the scheme administrator, Paul Evans, raised the amount by another 12 percent.

Lloyd’s CEO Richard Ward has warned the London market that the “pace of change” on business processes remains too slow and reiterated his willingness to mandate action if necessary.

For the second consecutive year, the number and total dollar value of US securities fraud class action lawsuits were well below historical averages.

Paris Re shares have slipped by 6 percent since floating on Friday (13 July) with fund managers commenting the company may have been over-priced as it made its debut on the Paris-based European Stock Exchange Euronext.

UK niche-branded insurer Admiral Group plc’s already-depleted share price fell a further 3 percent on the news last week that it had ended discussions with potential private equity investors regarding its price aggregator subsidiary, Confused.com.

In an announcement that will come as good news to early entrants to the Chinese reinsurance market, the China Insurance Regulatory Commission has predicted that demand for reinsurance is expected to reach 100 billion yuan ($13.2bn) by 2010 when total prem

London market broker Jardine Lloyd Thompson has announced the appointment of Ron Hayes as managing director of its Global Risk Solutions Division.

Despite little activity to date, the 2007 North Atlantic hurricane season is still expected to see above average activity, with hurricanes forming in the Caribbean and near the Bahamas more likely to make landfall, according to a July update report by rei

Integro Ltd CEO Roger Egan has sued former employer Marsh & McLennan Cos Inc (MMC) alleging he was not properly compensated after being axed by the company in the aftermath of the 2004 bid-rigging affair.