June 2008/5

Paul Jardine, COO of Catlin Group, has been returned as chairman of the Lloyd’s Market Association (LMA).

Benfield Group Ltd has appointed former RennaisanceRe president Bill Riker as a non-executive director.

Canopius Group Ltd has announced the appointment of Stephen Hartwig as senior vice president and head of excess casualty to its Bermuda-based underwriting agency.

Aon Risk Services has launched a mergers & acquisitions (M&A) service for private equity, sovereign funds, business-to-business, real estate and infrastructure funds based in its Dubai office.

QBE Insurance Group has announced the appointment of Chris Fish as CFO for its Americas division.

A US judge has dismissed several of the claims made by American International Group (AIG) in its attempt to wrest control of a block of its shares from its former CEO and chairman.

AXIS Capital Holdings Limited has poached Michael Steel, Benfield Group's global head of capital markets and appointed him in the newly created role of chief risk officer, the Bermudian company has announced.

The auditors of failed UK insurer Independent Insurance have been fined £500,000 and ordered to pay costs of £1.15mn by the UK accountancy watchdog after a tribunal found the firm's conduct "seriously below the appropriate standard".

Bermuda's financial services sector has seen little fall-out from the US sub-prime meltdown as the island's regulator released its annual report.

Hawaiian governor Linda Lingle has signed a new law making the transfer of insurance-linked securities to the capital markets more efficient for captives.

Swiss Re has obtained $150mn protection against North Atlantic hurricane, European windstorm, Californian earthquake, Japanese earthquake and Japanese typhoon through collateralised risk obligation (CRO) Vega Capital Ltd, as predicted by...

The risk of flooding in the UK will continue to escalate unless the government improves the resilience of flood-prone areas, according to an independent review of last summer's UK floods.