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  • Terry Clarke has confirmed he will step down from Converium’s board of directors at the company’s AGM on 11 April. Clarke was appointed interim CEO in February 2005 to steady the ship following the ousting of Dirk Lohmann over the company’s much...
  • In our regular monthly News Digest, we round up key stories from the last month, presenting them in easily digestable snippets. The major events of the month - including Spitzer’s complaint - are featured elsewhere in the issue
  • Trenwick Managing Agency announced at the beginning of the month that it had stopped writing aviation business "with immediate effect". The firm, which hopes to announce a management buyout from its distressed parent Trenwick International later this mont
  • Benfield announced this week the creation of a terrorism reinsurance facility for all private insurers of property risks within the Swiss insurance market.
  • French reinsurer SCOR has reported a 61 percent rise in its first quarter income to EUR53mn from EUR33mn in the prior-year period.
  • Lloyd’s insurer Wellington Underwriting plc has announced the retirement of its chief underwriting officer David Foreman in a statement to the London Stock Exchange this morning (6 March 2006).
  • Lloyd’s insurer Wellington Underwriting plc has announced the retirement of its chief underwriting officer David Foreman in a statement to the London Stock Exchange this morning (6 March 2006). Wellington said Foreman will step down from the board...
  • Bermudian reinsurer Renaissance Re said last week that it expects to earn between $6.10 and $6.50 per share in 2004, reflecting falling premium growth in property catastrophe business against moderating growth in specialty reinsurance and individual risk.
  • 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.
  • French reinsurer SCOR today (16 May) reported a 61 percent rise in its first quarter income to EUR53mn from EUR33mn in the prior-year period.