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March 2007/4

  • Novae Group plc continued its turnaround as it announced 2006 figures in line with expectations and a continued slowing of reserve deterioration.
  • Ark Syndicate 4020 has become the latest start-up to gain Lloyd’s approval, with 2007 stamp capacity of £114mn and backing led by Jeff Greenberg’s Aquiline Capital Partners LLC.
  • PXRE Group Ltd CEO and president Jeff Radke will leave the reinsurer on completion of its reverse merger with US insurer Argonaut Group, the company has revealed in a filing with the Securities & Exchange Commission.