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Swiss Re to close GEIS deal 12 June
Swiss Re is expected to complete its acquisition of GE Insurance Solutions next Monday (12 June), Insider Week can reveal.
05 June 2006
Face up to climate change Lloyd's warns insurers
A report by Lloyd's has warned (re)insurers that they must face up to climate change and manage risks from greenhouse gases and rising sea levels or they will not survive.
05 June 2006
Lloyd's insurer parts company with chief executive
Lloyd's insurer Creechurch Underwriting Ltd parted company with its chief executive Bruce Graham last week, replacing him on an interim basis with the group underwriting director David Pye.
05 June 2006
Harding takes over Marine at SBJ
Andrew Harding has been appointed chairman of the Marine Division of expanding insurance broker SBJ Limited.
05 June 2006
Benfield opens Australian office
Reinsurance broker Benfield Corporate Risk has opened its first Australian office. Based in Perth, the new office will focus on the development of specialty business in the energy, power and mining sectors.
05 June 2006
Allianz restructures; exits marine reinsurance
Insurance giant Allianz unveiled the restructuring of its large corporate risks units this week while also confirming it was exiting marine reinsurance business after last year's destructive storm losses.
05 June 2006
Restatements to cost Max Re $18.3mn; Q1 results avert delisting threat
Bermudian reinsurer Max Re last week filed its first quarter results, a move that should avert its delisting from the Nasdaq trading exchange.
05 June 2006
AIAA becomes Starr Aviation
The Atlanta-based American International Aviation Agency (AIAA) has re-branded itself as part of moves by CV Starr & Co's agencies to distance themselves from their previous relationships with American International Group (AIG).
05 June 2006
Glencairn parts company with compliance head
The independent London market broker Glencairn Ltd has parted company with its compliance officer Chris Goodeve-Ballard.
05 June 2006
MMS says Gulf damage could get worse
The Mineral Management Service (MMS) has said that the damage in the Gulf of Mexico caused by hurricanes Katrina and Rita could be worse than previously believed.
05 June 2006
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