May 2006/5

Jeremy Cooke - the former head of Marsh's Inc wholesale broking operations - has returned to MMC as a senior operations advisor.

Bermudian-headquartered reinsurer Imagine Group Holdings has appointed Gregory Morrison as president and CEO, filling the gap left by the surprise departure of founding chief Brad Huntington last year.

Bermudian giant ACE Ltd confirmed announced that Brian Duperreault, chairman of the board, will retire from the company at the end of the month.

Swiss Re has issued a $160mn Cat bond that covers Mexican earthquakes – the first time a sovereign country has securitised its natural catastrophe exposures.

Cat modelling Risk Management Solutions (RMS) has today (22 May) officially launched its anticipated new hurricane model, incorporating “lessons learned” from the devastation of the last two hurricane seasons.

Guy Carpenter & Co has recruited an eight-strong Credit, Bond & Political Risk team headed by the former Benfield Group executive John Orchard, Insider Week can reveal.

The London Stock Exchange’s two-week decline has continued to impact on the share price of the London Market’s listed insurers.

A month into his new role, and Lloyd's chief executive Richard Ward has shown a determination to improve the London Market's oft-criticised processing by proposing a new approach to contract documentation.

Willis Group’s long-established Italian financial institutions/executive risks team is set to change sides and join rival Aon Ltd, only months after the world’s third largest broker restructured its London-based professional risks division.