October 2005/5

Atrium Underwriting plc has increased the loss estimates from Hurricane Katrina on its two syndicates from £42.7mn to £52.7mn. The majority of the increase occurred on Syndicate 609 which climbed from £32.8mn to £42.6mn.

Industry veteran Don Kramer has agreed to buy the infrastructure of GoshawK’s Rosemont Re to establish a new $750mn+ private equity backed Bermudian reinsurer. In an announcement to the London Stock Exchange this morning (24 October), GoshawK...

(Re)insurer Heath Lambert announced the addition of two new directors to its reinsurance business on Friday 21 October. Both Roland Vella and Chris Underwood are joining Heath Lambert from Lloyd’s broker Thompson Heath & Bond.

If any of Renaissance Re’s management were forced out of the reinsurer because of the Securities and Exchange Commission’s (SEC) investigations into the firm, it would probably lead to a downgrade warned rating agency Moody’s last week.