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  • Kiln plc last week became the latest Lloyd's company to announce plans to redomicile in Bermuda and launch an insurer on the island.
  • Novae Group plc continued its turnaround as it announced 2006 figures in line with expectations and a continued slowing of reserve deterioration.
  • Willis Group Holdings Limited has extended the employment agreement with its chairman and CEO Joseph Plumeri for another year.
  • According to reports in the Financial Times Deutschland last week, German giant Munich Re will record a 2006 loss in its North American business primarily as a result of legacy charges from asbestos claims.
  • Guy Carpenter, which last week launched a CDO-style property cat product (see story 7), has further committed itself to the development of alternative capital markets solutions with the hire of Laurent Digna from Société Générale.
  • Lloyd's has received the long-awaited approval for its new Chinese onshore reinsurance operation from regulators today (14 March).
  • Guy Carpenter has become the latest reinsurance broker to launch an index-based property catastrophe reinsurance product as an alternative to traditional risk transfer.
  • Kiln plc has become the latest Lloyd’s company to announce plans to redomicile in Bermuda and launch an insurer on the island.
  • Willis Re has appointed the ex-Aon executive Donald MacDonald to become deputy managing director of its UK Reinsurance unit.
  • UK general insurer Royal & Sun Alliance (R&SA) saw its 2006 results slip into the red following the successful completion of the sale of its legacy US business, Arrowpoint Capital.