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October 2006/6

  • Lloyd’s insurer Kiln plc announced on 26 October that Paul Letherbarrow would be assuming the role of active underwriter of Kiln’s Aviation division, Syndicate 510, subject to Lloyd’s approval.
  • ACE Ltd’s president Evan Greenberg struck a cautious note as the Bermudian powerhouse unveiled strong third quarter earnings last week.
  • The UK’s Competition Commission has provisionally cleared the acquisition of CBS Private Capital Ltd’s business to rival Hampden Agencies Ltd...
  • Canopius has bought fellow Lloyd’s insurer Creechurch Underwriting Ltd in a deal that will create a £450mn capacity syndicate next year.
  • Despite the recent loss of three of its four most senior underwriting managers, Aspen Insurance Holdings Ltd chief executive Chris O’Kane was confident the departures would not damage the group’s business.