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Eckert retires from ZFS
Giant Swiss insurer Zurich Financial Services Group (ZFS) has announced Peter Eckert, the group’s chief operating officer, is to retire at the end of the month.
12 February 2007
White appointed as new Lloyd’s deputy chairman
Veteran London market figure Graham White was appointed as the new deputy chairman of Lloyd's by the Council of Lloyd's on 5 February.
12 February 2007
AIG unit boosts terrorism capacity
Giant US insurer American International Group's (AIG) Lexington Insurance Co has increased its capacity of commercial domestic property terrorism insurance to $250mn from $100mn.
12 February 2007
‘Gold-plated’ reinsurance key to Equitas deal
"Gold-plated" reinsurance was key to the landmark $7bn deal between Equitas and Berkshire Hathaway according to Scott Moser, CEO of the Lloyd's run-off vehicle.
12 February 2007
Benfield continues to bolster Fac team
Reinsurance broker Benfield Group has bolstered its Fac team again with the appointment of Michael Lazarus as head for Australia, New Zealand and South Africa.
12 February 2007
Guy Carp appoints Junnarkar as CFO
Reinsurance broker Guy Carpenter has appointed Ajay Junnarkar as its chief financial officer as it seeks to "further its capital markets capabilities".
12 February 2007
JLT stock rises despite sell status
Numis Securities lowered its earnings forecast on the UK-headquartered broker Jardine Lloyd Thompson Group plc (JLT) and reiterated its sell recommendation on the company's stock.
12 February 2007
Willis cut another 100 jobs despite upswing in profits
Insurance broker Willis Group Holdings revealed it would be reducing its headcount by an extra 100 people as it announced its annual profits had grown to $449mn last year, compared to $281mn in 2005.
12 February 2007
Fourth profitable year in a row for Max Re
Bermudian firm Max Re Capital reported a fourth consecutive profitable year on the back of record fourth quarter net income.
12 February 2007
Fourth quarter drives Aspen to record profit
Aspen Insurance reported records for both the year and the quarter, with net income of $378.1mn and $119.5mn respectively.
12 February 2007
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