May 2006/5

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

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.

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

UK-listed Jardine Lloyd Thompson Group plc (JLT) announced on 18 May that it has become the latest Western broker to receive approval from regulators for a Chinese (re)insurance broking operation.

Start-up US wholesale broker Mercator Risk Services Inc has hired Michael Connelly as senior vice president and manager of its Midwest Casualty operation.

Hard-pressed US D&O and financial institutions insurers will be forgiven for indulging in a spot of schadenfreude following the recent travails of Milberg Weiss Bershad & Schumlan LLP, one of the largest and most successful US class action...

UK broker Windsor plc reported a 16 percent rise in brokerage and fees today (22 May) for the six months ending 31 March 2006.

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.

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.