July 2007/4

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.

Standard & Poor’s (S&P) has reported that, while Enterprise Risk Management (ERM) programmes for the majority of European insurers are “adequate”, the outlook for ERM is “nevertheless positive”.

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.