May 2007/5

Aon Corp has announced the planned departure of its influential chief financial officer Dave Bolger, who will leave once his successor has arrived.

The global insurance industry is facing emerging risks, providing unparalleled opportunities for new product development, yet it needs support from the regulatory system in order to operate in a stable environment...

Specialist financial services investment bank Fox-Pitt, Kelton (FPK) announced a merger with its peer Cochran Caronia Waller (CCW) last week.

Insurers were given a stern warning about the state of the UK’s flood risk at the British Insurance Brokers Association conference in London last week. Professor David Crichton of Benfield’s Hazard Research Centre cautioned the industry that the UK’s Env

Shares in Greenlight Capital Re leapt 21 percent after its debut on the Nasdaq electronic exchange trading exchange last week.

Munich Re has announced plans for a EUR1bn subordinated bond issue as it continues to restructure its capital base.

Lloyd’s start-up Ark Syndicate Management has launched its terrorism, war and political risk business with former Wellington underwriter Simon Low at the helm.

A good year driven by strong margins and a low loss environment were the main themes from trading statements released by four Lloyd's-based insurers last week.

Rating agency Standard & Poor's (S&P) has updated its insurance capital model to include an explicit allowance for diversification.

Lloyd's insurer Heritage Underwriting Agency plc is to add an international treaty team later this year headed by former Ascot underwriter James Braddock.

Royal & Sun Alliance (R&SA) last week bought out the 25 percent investment held by minority shareholders in its Scandinavian subsidiary Codan for £584mn.

Bermudian (re)insurer Validus Holdings Ltd has suffered its first major departure after taking over Lloyd's insurer Talbot Underwriting with deputy head underwriter Darren Redhead joining DE Shaw.