March 2005/2

Benfield Group Ltd posted flat trading profits and a slide in revenue last week while outlining a strategy to grow its primary operations in response to the turmoil facing the US insurance industry.

Mark Hewlett, the former Sedgwick broker and European insurance managing director of Moody’s, has left the rating agency, Insider Week can reveal.

Lloyd's has settled its £500mn Central Fund dispute with its six reinsurers, following the second phase of its arbitration tribunal, for a total of £152mn.

Despite closing the 2002-year of account on its Syndicate 1200 with a 38 percent profit on capacity, claiming the third best result in the market, listed Lloyd’s managing agency Heritage has been forced to leave the year open on Syndicate 1245 due to unce

Hank Greenberg may be set to stun the insurance industry by stepping down from his post as chief executive of the world’s largest insurance company American International Group (AIG).

Insider Week’s sister publication The Insurance Insider is sponsoring a series of free briefings on the UK regulatory compliance landscape during April.

Insider Publishing Ltd, the publisher of Insider Week and The Insurance Insider, has launched a new publication that focuses on the life insurance, investment and pension industries.

Lloyd’s (re)insurer Wellington has announced that it will sell off more of its shares of Aspen Re, the Bermudian former subsidiary it helped found. On 8 March, the company issued a press statement in which it said it was willing to sell 10 percent of i

Specialist insurer Markel International has set its sights on continental Europe, announcing last week that it will open an office in Spain. Markel International España will be based in Madrid and will focus initially on Professional Indemnity and Dir

The sentencing of flamboyant insurance executive Michael Segal was postponed from 6 April to 29 June last week under a motion approved by the US District Court for the Northern District of Illinois.

Broker Willis has boosted its property credentials after poaching 15 executives from rivals Aon and Heath Lambert last week.

FSA chief executive John Tiner may turn the regulatory spotlight on finite reinsurance in the UK, it emerged last week.