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Whittington loses senior management duo
The insurance services company Whittington Group has lost two key members of its senior management team with the sudden departure of deputy CEO Richard Whatton and business development director Stephanie Mocatta, Insider Week can reveal.
04 December 2006
Liability premiums to rise after ruling, says Swiss Re
A landmark UK High Court decision last week likely to increase payouts on some unsettled bodily injury claims will hit reinsurers hardest and lead to rising premiums, according to Swiss Re.
04 December 2006
Allied World adds Lloyd’s presence
Bermudian (re)insurer Allied World Assurance Company Holdings (AWAC) has opened a box at Lloyd’s that it hopes will support the growth of its European book of business.
04 December 2006
Scottish Re boosted by investment
Struggling Bermudian life reinsurer Scottish Re received a boost in the shape of $600mn in new equity investment it announced on 27 November.
04 December 2006
Competition Commission formally clears Lloyd’s merger
The UK’s Competition Commission have ratified their decision to approve the acquisition of CBS Private Capital by rival Hampden Agencies Ltd.
04 December 2006
Hardy boosts 2005 forecast
Lloyd’s insurer Hardy Underwriting announced an improved forecast for the 2005 year of account of its managed Syndicate 382 on 29 November.
04 December 2006
Willis loses senior figure as Colraine steps down
Willis Group Holdings Limited is to lose a member of its senior management as the broker confirmed that Tom Colraine is to leave the firm after 18 years.
04 December 2006
Attorney generals tell insurers to stop contingent commissions
Three US state attorney generals have written to (re)insurers telling them that they must end special commissions to agents and brokers as agreed in an earlier settlement.
04 December 2006
$565mn Asian reinsurer launched
The Asia Pacific market has attracted a $565mn capitalised Singapore-based reinsurance start-up, Asia Capital Re, as private equity backers look for strong returns in the fast growing region.
04 December 2006
Fireman’s Fund shuffles CEO
Allianz subsidiary Fireman’s Fund Insurance Company has appointed Joseph Beneducci as its CEO, starting 1 January 2007.
04 December 2006
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