October 2004/5

Motor insurer Highway has announced the appointment of Peter Gallagher as claims director.

Euclidian, the Berkshire Hathaway backed insurance company, will merge with fellow Lloyd’s agency, Marlborough Underwriting.

Embattled reinsurer Converium received a further boost from Standard & Poor’s last week when the rating agency upgraded its German and UK subsidiaries’ financial strength ratings by two notches to BBB+.