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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...
  • Judgment to examine whether excess of loss reinsurers can expect a 'duty of care' from direct insurers
  • 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...
  • CIGNA’s inability to hedge its exposures to variable annuity death benefit contracts (VADBEs) have cost the embattled US health insurer a further $300mn.
  • Q2 results re-ignite old arguments between Fairfax bulls and bears... Analysts have again drawn sharply opposing conclusions about the liquidity of Canadian financial services holding company Fairfax Holdings after it published its Q2 2004 results.
  • Acrimony between reinsurers and rating agencies flared again last week when embattled French reinsurer SCOR commented that its latest downgrade by Fitch Rating was “unfounded, ill-timed and causes serious damage to the Company”.
  • Jardine Lloyd Thompson Group plc (JLT) has disbanded its Risks Finance business which provided alternative risk transfer products and looks set to part company with the unit head John Lobek, Insider Week can reveal. The move appears to be the latest co
  • Despite publishing an improved outlook, Moody’s was again on the receiving end of criticism from Hannover Re, last week.
  • Premiums for US commercial property insurance have fallen by an average of 10 percent in the past year, according to broker Aon's first US property report for 2004.