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Heritage to add international treaty team
Lloyd's insurer Heritage Underwriting Agency plc is to add an international treaty team later this year headed by former Ascot underwriter James Braddock.
29 May 2007
S&P highlights diversification in updated capital model
Rating agency Standard & Poor's (S&P) has updated its insurance capital model to include an explicit allowance for diversification.
29 May 2007
Ironshore opens US casualty platform
Ironshore Inc has made its entry into the professional liability sector with an onshore US platform, a move predicted by The Insurance Insider earlier this month.
29 May 2007
Trial of 'Independent Three' finally reaches court
The long-awaited trial of the ‘Independent Three’ – the former directors of the collapsed UK insurer Independent Insurance - is set to start tomorrow (30 May) at Southwark Crown Court, London.
29 May 2007
Towergate founder calls for greater transparency
Broker commission transparency is "inevitable", according to Peter Cullum, the founding chairman of Towergate Partnership, yet he insisted the London market needs to eradicate major inefficiencies in order to compete in the long-term.
29 May 2007
Charman divorce award upheld
Judges in the UK High Court last week upheld the £48mn divorce award to the ex-wife of John Charman, the former Lloyd's deputy chairman and founding president of AXIS Capital.
29 May 2007
Platinum appoints new CFO
Bermudian (re)insurer Platinum Underwriters Holdings has appointed James Krantz as executive vice president and CFO.
29 May 2007
Bolger to depart Aon
Aon Corp has announced the planned departure of its influential chief financial officer Dave Bolger, who will leave once his successor has arrived.
29 May 2007
Munich Re in EUR1bn bond issue
Munich Re has announced plans for a EUR1bn subordinated bond issue as it continues to restructure its capital base.
29 May 2007
SCOR Converium deal held up again by Swiss regulator
Despite winning the support of Converium’s board with an increased bid, SCOR’s attempts to buy its rival have been further frustrated by the Swiss Takeover Board (STB).
29 May 2007
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