October 2006/6

Max Re announced today (30 October) that its founding chief executive Bob Cooney has resigned from the Bermudian (re)insurer after the company revealed it had reopened investigations into two finite reinsurance deals.

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

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.

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.

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