October 2006/6

Chaucer Holdings plc – the Lloyd’s insurer which also specialises in managing third-party underwriting operations – has agreed with Quanta Capital Holdings Ltd the formation of a new managing agency to manage Syndicate 4000.

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

Willis became the latest of the international brokers to announce job losses as part of an efficiency drive with confirmation by the company that it would cut 400 positions.

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.

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