March 2006/3

As first revealed by The Insurance Insider on 6 February, Lloyd’s has chosen the former head of the International Petroleum Exchange (IPE) Dr Richard Ward as its next chief executive following the departure of Nick Prettejohn at the end of last year.

Aigrain slams Bermuda start-up ; ARIG report record profit ; Hannover completes €100mn securitisation ; Trident II to sell Axis shares ; RFIB opens Dubai office ; Ariel recruits execs from rivals ; Lancashire reshuffles ; et al...

Months after Lloyd’s insurer Wellington Underwriting plc stunned shareholders with two loss updates in the space of ten days came the announcement that its chief underwriting officer David Foreman was to retire.

Hurricane-decimated Bermudian in talks to transfer ongoing business after downgrades. Embattled Bermudian reinsurer PXRE Group Ltd is pinning its hopes on Lloyd’s as part of a rescue plan that could see the group transfer its ongoing business to...

Friedman, Billings, Ramsey Group Inc, the US investment bank which launched Quanta Capital Holdings Ltd in late 2003 before being embroiled in a controversy over the insurer’s demise, is in the throes of forming a new $220mn Bermudian headquartered...