July 2007/4

Broking giant Aon Corp has said it is in discussions with Chubb Corp over the possibility of accepting supplemental compensation from the US insurer.

US insurer Farmers Insurance Exchange has acquired the right to issue $500mn of regulatory capital if it suffers a severe US natural catastrophe loss in the next five years in a pioneering transaction first reported by The Insurance Insider last week.

Rod Fox, CEO of US specialty insurance company Praetorian has parted company with Australian (re)insurer QBE Insurance Group, little more than one month after its’ acquisition by QBE, Insider Week can confirm.