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  • Nick Frankland, has been appointed as CEO of reinsurance broker Guy Carpenter’s UK operations following David Priebe’s return to the US as head of Global Specialty Group.
  • Validus Holdings Ltd and Greenlight Capital Re Ltd have become the third and fourth reinsurers formed after Hurricane Katrina to confirm plans for initial public offerings (IPO).
  • Bermudian-domiciled (re)insurer is to launch a $30mn offshore energy account for its Lloyd’s Syndicate 958 this year, it announced in a trading statement yesterday (16 January).
  • Hannover Re has re-visited the capital markets in order to boost its Kaith Re "K5" securitisation to $520mn and expand the reinsurer’s underwriting capacity.
  • 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.
  • Andrew Moss, the former Lloyd’s finance director, was the surprise choice to replace retiring Aviva chief executive Richard Harvey later this year.
  • ACE European Group announced a series of changes to its management personnel and structure on 10 January.
  • 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.
  • 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.
  • Run-off company Tawa Management Ltd, part of the Tawa Group, has announced that David Vaughan succeeded Philip Singer as its CEO on 1 January.