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Clapham back in the market at Sciemus
Former Brit space underwriter Simon Clapham has been signed up by Sciemus Limited as director of insurance, to work with the LibSat satellite consortium backed by Liberty Syndicate Management and a number of other Lloyd’s insurers.
12 June 2006
WTC insurers in fees victory
Most of the World Trade Center insurers do not have to pay lessee Larry Silverstein's legal fees from the series of lawsuits that emerged after the 2001 terrorist attacks.
12 June 2006
Willis Re appoints new CEO
Peter Hearn - the head of Willis Re's US operations - has replaced Grahame Millwater as the chief executive of the global reinsurance division.
12 June 2006
XL Capital appoints veteran Haag to board
Bermudian giant XL Capital announced the appointment of industry veteran Herbert Haag to its board of directors on Friday (9 June).
12 June 2006
Boornazian heads up reinsurance at Aspen
Bermuda-headquartered Aspen Insurance Holdings last week (8 June) announced the appointment of Brian Boornazian to the newly created position of head of reinsurance at the company.
12 June 2006
Swiss Re launches cat bond Successor
Giant reinsurer Swiss Re announced on last Wednesday (7 June) that it has issued Successor, the latest in its series of cat bond programmes, as it continues to utilise the capital markets to offset risk.
12 June 2006
Newson to write PA for Marketform
As first revealed in May's The Insurance Insider Personal Accident (PA) underwriter Paul Newson has joined Lloyd's managing agency Marketform.
12 June 2006
Benfield launches proprietary $315mn sidecar
Reinsurance broker Benfield Group has developed a $315mn, fully collateralised, Florida windstorm sidecar, Starbound Re, in conjunction with Bermudian reinsurer RenaissanceRe.
12 June 2006
BMS profits on expanded portfolio
Independent (re)insurance broker BMS Group reported a 2 percent upturn in 2005 pre-tax profits to £4.5mn earlier this month.
12 June 2006
Forbes international in investor talks
Alexander Forbes International Risk Services (IRS) division followed its parent company's announcement by confirming talks with new investors that would see its South African parent reduce its ownership.
12 June 2006
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