June 2004/5

Australia’s financial regulators are continuing to bare their teeth by revealing last week that they are investigating reinsurance transactions made by Zurich Australia in 2000.

Nigel Rogers is owed only a fraction of his claimed remuneration for his time as CEO of Lloyd’s insurer Terra Nova, according to a judgment from London's Royal Courts of Justice handed down last week.

Professional indemnity underwriter Tim Glover has resigned from Lloyd’s insurer SVB amidst suggestions that he may be drawn towards Quanta, the Bermudian insurer planning to launch a Lloyd’s syndicate (see The Insurance Insider, June issue).