June 2006/3

Bermuda-headquartered Aspen Insurance Holdings last week (8 June) announced the appointment of Brian Boornazian to the newly created position of head of reinsurance at the company.

Giant reinsurer Swiss Re announced on last Wednesday (7 June) that it has issued Successor, the latest in its series of cat bond programmes, as it continues to utilise the capital markets to offset risk.

As first revealed in May's The Insurance Insider Personal Accident (PA) underwriter Paul Newson has joined Lloyd's managing agency Marketform.

Reinsurance broker Benfield Group has developed a $315mn, fully collateralised, Florida windstorm sidecar, Starbound Re, in conjunction with Bermudian reinsurer RenaissanceRe.