March 2005/2

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

US reinsurer Odyssey Re Holdings Corp has announced the retirement of its executive vice-president and chief financial officer Charles Troiano. In his stead comes Robert Giammarco, currently the managing director in the Financial Institutions Investment B

Marsh & McLennan Risk Capital Holdings has agreed to sell around half of its share in AXIS Capital, the Bermudian (re)insurer it helped found in the wake of 9/11.

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

Robert Hiscox, the forthright chairman of Lloyd’s insurer Hiscox plc, has slammed the “petty rules” culture of the UK regulator Financial Services Authority (FSA) while unveiling a slight fall in trading profits at the eponymous insurer.

Listed Lloyd’s insurer Amlin rode a year dominated by record industry natural catastrophe losses to register year-on-year improvements in its earnings per share and combined ratio for 2004.

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

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).