October 2006/6

The largest Lloyd’s insurer is set to be created following the agreed takeover terms of Wellington Underwriting plc by Catlin Group Ltd.

Aon Re Global has promoted Robert Johnston to become president of its Bermuda operations, Aon Re Bermuda.

Lloyd’s CEO Richard Ward has told the market he wants to see all claims transacted electronically by the end of next year.

BP Marsh & Partners plc, the London-based investor in specialist insurance and other financial services related companies, has increased its brokerage investment with the proceeds of its recent AIM listing.

Richard Ikin, the property underwriter who resigned from Hardy Underwriting earlier this month, is set to join rival Novae Group plc, The Insurance Insider can reveal.

IPC Holdings joined its fellow Bermudian reinsurers by bouncing back from last year’s record third quarter losses and posting a profit this year, it reported on 24 October.

The list of industry casualties following various regulatory investigations into the industry’s use of finite reinsurance continued recently with news...

Hedge fund king Chris Flowers resigned from his role as a non-executive director at Maurice “Hank” Greenberg US managing agency CV Starr & Co last month, Insider Week can reveal.

Allianz Group’s Allianz Infrastructure Holdings subsidiary has had a £957.5mn cash offer for UK infrastructure group John Laing accepted, it announced on 27 October.

The UK P&I Club Board has agreed a general increase in premium rating of 7.5 percent for the financial year starting 20 February 2007.

Pro Insurance Solutions Ltd, the Swiss Re owned run-off consultancy, has been appointed by Rosemont Re to advise the defunct Bermudian reinsurer.

Flagstone Reinsurance Holdings became the first “Class of 2005” reinsurer to confirm plans for an IPO after filing with the US Securities and Exchange Commission (SEC) in a bid to raise $175mn in an initial public offering (IPO) on 24 October.