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WFUM gets High Court sanction
The proposed Schemes for the 14 WFUM Pools Scheme Companies was sanctioned by the UK High Court on 17 September.
01 October 2007
Ward announces Lloyd's graduate scheme to combat skills shortage
Lloyd's CEO Richard Ward has warned the industry that it faces a "severe skills shortage" and announced that the Society was launching a new graduate programme to attract talent.
01 October 2007
Catlin welcomes Best outlook change
Catlin Group Ltd has welcomed AM Best's upgrade of the outlook on the London-listed (re)insurer's A rating from negative to stable.
01 October 2007
Independent trial draws to a close
The trial of three former Independent Insurance executives is drawing to a close in London with the jury expected to start considering its verdict by 21 October, according to the Serious Fraud Office.
01 October 2007
Talbot confirms chairman and CEO
Talbot Underwriting Ltd, the Lloyd’s insurer that was acquired by Bermudian (re)insurer Validus Holdings Ltd in July, has appointed Michael Carpenter as chairman and Rupert Atkin as CEO.
01 October 2007
Former HIH director in guilty plea
Former HIH director Dominic Fodera, who is serving a two-year jail term for issuing misleading financial statements, has pleaded guilty to a further criminal charge relating to the collapse of the failed (re)insurer.
01 October 2007
ILS appetite 'undiminished' despite credit crunch
The recent credit crunch is unlikely to dampen insurance linked securities (ILS) investor appetite, according to Standard & Poor's (S&P), as it highlighted increased trading in the secondary market for cat bonds.
01 October 2007
Alea reduces exposure with $200mn commutation
Run-off insurer Alea Group Holdings has received a one-time payment of $203.6mn to "fully and finally" commute all exposures with its Bermudian neighbour Max Capital.
01 October 2007
Hedge funds build Benfield stakes as M&A speculation persists
Benfield Group's share price continued to climb today (1 October) with news that another US hedge fund has built its stake in the independent reinsurance specialist.
01 October 2007
Integro settles Guy Carpenter Fac ‘poaching’ dispute
The bitter dispute between the former heads of Guy Carpenter’s facultative (Fac) business and the company they worked for has reached an out of court settlement at the eleventh hour allowing them to join rival broker Integro Ltd.
01 October 2007
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