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Wallace leaves Imagine
Liability veteran, Bob Wallace, has parted company with the Imagine Group, after just a year as chairman of the group’s combined Lloyd’s operation.
11 May 2007
Validus to buy Lloyd’s insurer
The Bermudian (re)insurer Validus Holdings Ltd is set to complete the acquisition of Lloyd’s based Talbot Underwriting Holdings, as first revealed by The Insurance Insider.
11 May 2007
UK insurance giants face being cut down to size
If reports are true, Patrick Snowball’s decision to reappear at Towergate is masterful. Snowball was widely thought to have fallen out with his Aviva colleague Andrew Moss
11 May 2007
More Lloyd’s RITC capacity
RITC Syndicate Management, the Lloyd’s start-up syndicate headed by former Markel Intl chief executive Nigel Rogers, has yet to do its first transaction but has nevertheless brought fresh capacity to the sector.
11 May 2007
BRIEFINGS
Our monthly column keeping check on US and EU legal and regulatory developments, in association with Sidley Austin LLP
11 May 2007
Willis rejects supplemental compensation plans
Ever since 14 October 2004 – the date New York attorney general Eliot Spitzer stunned the industry with his complaint against MMC - Willis Corp has attempted to distancing itself from the furore over contingent commissions.
11 May 2007
Reinsurers win ‘follow the settlement’ dispute
Reinsurers were given cheer – and some guidance – in the UK High Court regarding “follow the settlement” clauses.
11 May 2007
Benfield Corporate Risks concerns KBW
Benfield Group’s expansion into primary lines is continuing to provoke concerns about the reinsurance broker’s prospects.
11 May 2007
MMC disappoints as rivals continue to grow
First quarter results from the big three brokers met with a mixed response, as Aon and Willis found favour for growing revenues and profits, while Marsh & McLennan Companies, Inc (MMC) traded down on sluggish results.
11 May 2007
MAP appoints new navigators
Lloyd’s insurer Managing Agency Partners Ltd (MAP) announced last month that its founder David Shipley would be stepping down from Syndicate 2791 at the end of the year with his colleagues Richard Trubshaw and Aidan Kong becoming the named and deputy unde
11 May 2007
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