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  • Last week Lloyd’s confirmed the appointment of Dr Richard Ward, the former head of the London-based International Petroleum Exchange (IPE), as its new chief executive and the person responsible for executing the Corporation’s three-year strategic vision.
  • Keen-to-expand Lloyd’s operation Creechurch Underwriting Ltd has confirmed the appointment of marine underwriters Stephen Gargrave and Steven Warren to Syndicate 1607.
  • Swiss Re has continued its long-running Vita Capital series of transactions with the issue of $50mn of notes in the first transfer of extreme mortality exposure since November last year.
  • Hardy Underwriting revealed the extent of Lloyd's determination to ratchet up its capital requirements by explaining that Syndicate 382's risk based capital ratio (RBC) is likely to climb from a current 42 percent to 58.3 percent next year.
  • Integro Ltd announced last week a joint venture with risk specialists Indemnis Trade Risk Management. Integro said the deal would offer an array of trade risk management programmes to clients within North America. “We are enthusiastic about our firm's..
  • As predicted by our sister publication Insider Week, Ewen Gilmour, the chief executive of quoted Lloyd’s insurer Chaucer plc, was appointed deputy chairman of Lloyd’s when the Society’s ruling body, the Lloyd’s Council, met earlier this month. Gilmour –
  • The P&I market is performing below its full potential despite two years of hard markets, according to a new report release by HSBC Insurance Brokers.
  • Aon Corp unveiled a significant restructuring of its senior international management last week which saw the veteran London head Dennis Mahoney relocate to Bermuda.
  • Lloyd’s sponsored electronic data transfer platform Kinnect has a new board, with representatives from the broking and underwriting fraternity taking up non-executive positions to “drive its adoption, guide its development and manage its performance”.
  • US insurer Allstate has announced the timetable for the appointment of Thomas Wilson, who succeeds Edward Liddy as its CEO at the end of the year.