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May 2006/6
  • Restatements to cost Max Re $18.3mn; Q1 results avert delisting threat
    Bermudian reinsurer Max Re has today filed its first quarter results, a move that should avert its delisting from the Nasdaq trading exchange.
    01 June 2006
  • Allianz restructures; exits marine reinsurance
    Insurance giant Allianz unveiled the restructuring of its large corporate risks units this week while also confirming it was exiting marine reinsurance business after last year’s destructive storm losses.
    31 May 2006
  • Kiln forecasts improvement
    Lloyd's insurer Kiln predicted improvements for three of its four syndicates when it updated its syndicate forecasts today (31 May).
    31 May 2006
  • Dowd named head of ACE's North American division
    Bermudian giant ACE announced last Friday (26 May) it has promoted Brian Dowd to CEO of its North American insurance operating division.
    30 May 2006
  • Two more join Integro
    Fast-growing start-up broker Integro has announced two more new appointments in the last week.
    30 May 2006
  • RenRe elects Klehm to board
    Bermudian reinsurer RenaissanceRe has elected Henry Klehm III to its board of directors - bringing the total on the board to 11 of which nine are independent.
    30 May 2006
  • IMF raises concerns over Irish (re)insurance regulation
    The International Monetary Fund (IMF) is to raise its concerns over the lack of (re)insurance in Ireland in a forthcoming report.
    30 May 2006
  • Windsor completes acquisition of Argonaut
    UK broker Windsor plc has acquired the remaining minority interests in Argonaut Indemnity to become the sole owner of the company.
    30 May 2006
  • Glencairn opens Moscow office
    London market broker Glencairn Ltd today (30 May) announced the opening of its Moscow office.
    30 May 2006
  • Sompo Japan suspended by regulator
    Japanese insurer Sompo Japan Insurance Inc has been ordered to suspend most of its operations at all of its domestic offices for a fortnight as a result of illegal sales practices.
    30 May 2006
  • Aspen expands property offering
    Aspen Re, the UK subsidiary of Bermudian company Aspen Holdings, has announced the expansion of its portfolio with a new International Property Facultative team.
    30 May 2006
  • HCC files $1bn shelf registration
    US insurer HCC Insurance Holdings filed a $1bn "Universal Shelf" Registration Statement with the Securities and Exchange Commission (SEC) last Friday (26 May).
    30 May 2006
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