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Swiss Re launches $700mn mortality cat bond Vita III
Affirming Swiss Re's position as a leading distributor of risk to the capital markets is the Vita Capital III securitisation which saw the reinsurer recently issue $700mn of mortality catastrophe notes.
15 January 2007
Deloitte boosts insurance team
Mark Adams has joined "big four" accounting firm Deloitte as a partner in the Reorganisation Services practice where he will lead the insurance restructuring team.
15 January 2007
RFIB bolsters Middle East operations
Lloyd's broker RFIB Group announced the appointment of Bob Naudi as a consultant on 12 January as it continues to bolster its Middle East operations.
15 January 2007
Three-year electronic target for London market
The Market Reform Group (MRG) has set a target of three years for the London market to electronically handle all risk submissions, claims and accounting and settlement.
15 January 2007
Deloitte settles with Parmalat
Accounting firm Deloitte has reached a $149mn settlement with Parmalat over lawsuits accusing it of contributing to the dairy company’s 2003 collapse.
15 January 2007
Lloyd’s exec joins expanding Lockton International
After nine years at the Corporation, Lloyd’s director of Worldwide Markets, Julian James, is returning to the broking industry after announcing he is to join Lockton International.
15 January 2007
Marsh launches $400mn+ proprietary sidecar
Marsh Inc has confirmed the launch of MaRI (Marsh Risk Innovations), a proprietary sidecar facility providing much needed US property catastrophe coverage.
15 January 2007
CastlePoint joins IPO queue
CastlePoint Holdings Ltd, the Bermuda based (re)insurer formed last year by the US investment bank Friedman Billings Ramsey, plans to list on Nasdaq through an initial public offering (IPO).
15 January 2007
Lockton recruits Lloyd’s director Julian James
Lockton International, the rebranded former Alexander Forbes International business, has recruited Julian James, the director of Lloyd’s, Worldwide Markets.
15 January 2007
ACE Tempest Re opens Canadian arm
ACE Tempest Re Group, part of ACE Limited, announced the establishment of ACE Tempest Re Canada on 8 January.
15 January 2007
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