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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
New UK insurer to receive A- rating
Start-up UK insurer Novae Insurance Company Ltd announced last Thursday (1 June) that it has received an A- rating from a "leading rating agency".
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
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
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
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
Oxygen boosts energy and property teams
London-based broking proposition Oxygen Holdings plc today (5 June) announced two new appointments adding extensive experience to its energy and property teams.
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
AWAC grows income
Bermudian Allied World Assurance Holdings (AWAC) increased its first quarter profits by over 50 percent it announced on 30 May.
05 June 2006
Kozlowski seeks policy documents from Willis
Dennis Kozlowski, the former CEO of manufacturing conglomerate Tyco, is seeking policy documents from Willis through the courts, as part of his bid to get an insurer to pay his $17.8mn legal bills.
05 June 2006
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