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G6 chair joins Lloyd’s
Hiscox’s chief operating officer and G6 chair Sue Langley is leaving the insurer to join Lloyd’s as director of Market Operations and North America.
30 May 2007
Swiss Re to sell UK life operation
Swiss Re is to sell the UK life operation it acquired as part of its takeover of GE Insurance Solutions (GEIS) in 2006.
30 May 2007
QBE European casualty team merger
QBE Insurance (Europe) has merged its London casualty operations to create an £850mn premium-income underwriting unit.
29 May 2007
Guy Carp appoints London based Global Operations chief
Guy Carpenter & Co has appointed the former Benfield Group executive Charlie Fry as its global chief operating officer.
29 May 2007
FPK merges with Cochran Caronia Waller
Specialist financial services investment bank Fox-Pitt, Kelton (FPK) announced a merger with its peer Cochran Caronia Waller (CCW) last week.
29 May 2007
UK unprepared for flood risk
Insurers were given a stern warning about the state of the UK’s flood risk at the British Insurance Brokers Association conference in London last week. Professor David Crichton of Benfield’s Hazard Research Centre cautioned the industry that the UK’s Env
29 May 2007
Lloyd's insurers issue upbeat trading statements
A good year driven by strong margins and a low loss environment were the main themes from trading statements released by four Lloyd's-based insurers last week.
29 May 2007
Hedge fund reinsurer recruits Lloyd's underwriter
Bermudian (re)insurer Validus Holdings Ltd has suffered its first major departure after taking over Lloyd's insurer Talbot Underwriting with deputy head underwriter Darren Redhead joining DE Shaw.
29 May 2007
Insurers settle WTC claims, but disputes grind on
Seven insurers reached a $2bn settlement with World Trade Center (WTC) developer Larry Silverstein last week bringing to an end more than five years of litigation between the parties.
29 May 2007
Paris Re confirms IPO plans
Paris Re, the former reinsurance arm of AXA Re, has confirmed plans to list on the Paris based, European Stock Exchange, Euronext, a year after it was acquired by a consortium of private equity firms.
29 May 2007
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