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IPC join fellow Bermudians in black
IPC Holdings joined its fellow Bermudian reinsurers by bouncing back from last year’s record third quarter losses and posting a profit this year, it reported on 24 October.
25 October 2006
Canopius buys Lloyd’s insurer Creechurch Underwriting
Canopius has bought fellow Lloyd’s insurer Creechurch Underwriting Ltd in a deal that will create a £450mn capacity syndicate next year, The Insurance Insider can reveal.
25 October 2006
Wellington confirms it is in takeover talks with Catlin
Lloyd’s insurer Wellington plc has confirmed it is in takeover talks with rival Catlin Group Ltd.
24 October 2006
Patrick Gallagher announced AJ Gallagher chairman
US-headquartered Arthur J Gallagher & Co announced last week (19 October) that Patrick Gallagher Jr will add the post of chairman of the board to his current responsibilities as president and CEO of the broker.
23 October 2006
Hardy syndicate gets Lloyd’s go-ahead
Specialist insurer Hardy Underwriting Group plc received approval from Lloyd’s for its new Syndicate 3820 on 19 October.
23 October 2006
Axiom puts up ‘for sale’ sign
The UK run-off company Axiom Consulting has put itself up for sale, our sister title The Insurance Insider revealed last week (19 October).
23 October 2006
Quiddington leaves Lloyd’s following restructure
The first senior Lloyd’s executive to leave under the new regime of Richard Ward is Steve Quiddington, the Corporation’s former director of Operations.
23 October 2006
Insurance industry must recruit and retain young talent - Marsh
The insurance industry must make attracting and retaining young talent one of its highest priorities, according to Marsh.
23 October 2006
JLT wins Olympic bid
Listed broker Jardine Lloyd Thompson Group plc has beaten off fierce competition to win the contract as insurance construction partner for the London Olympics in 2012.
23 October 2006
BMS appoints Johnston non-exec chairman
Independent broker BMS Group has appointed ex-banker Alexander Johnston as its non-executive chairman.
23 October 2006
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