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  • Norton is a once great British Motorcycle manufacturer now attempting a comeback, so it is unclear exactly what message Brit Insurance is trying to send out with the name of its sidecar-style vehicle, Norton Re.
  • Guy Hengesbaugh, who quit as COO of beleaguered Bermudian PXRE in April, is close to making an early return to the market with a US property cat focussed start-up on the island, our sister title The Insurance Insider revealed last week.
  • Two executives have settled with the Securities and Exchange Commission (SEC) over their roles in the 2001 accounting scandal said to have inflated PNC Financial Corp’s earnings by concealing $762mn in potential liabilities.
  • Windsor plc, the UK quoted insurance broker in management buy-out talks, has announced a small dip in profits for the year ending 30 September 2006.
  • Eliot Spitzer, New York’s governor-elect, has nominated Willis Group’s general counsel, Eric Dinallo, for the post of the state’s insurance superintendent in his administration.
  • Bermudian (re)insurer ACE Ltd has said that a recent review has confirmed the adequacy of its asbestos reserves.
  • Lloyd’s insurer Beazley Group plc has strengthened its political risk team with the appointments of Peter Jenkins and Marc Werblow.
  • Lloyd’s aims to have a structure in place to allow special purpose reinsurance syndicates to start mid-2007, along with a more streamlined timetable for Integrated Lloyd’s Vehicle (ILV) business plans and capital setting.
  • Stephen Cane, the former chairman of the international underwriting association of London (IUA) and ex-head of run-off reinsurer Alea’s London operations, has joined the insurance services company Whittington Group.
  • Equitas' senior executives will share a bonus pool of £10.4mn once the landmark agreement with Berkshire Hathaway is finalised.