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Guy Carpenter confirms Spiller appointment as CEO
Guy Carpenter & Co has confirmed last week the appointment of David Spiller as its group chief executive, replacing the long-serving Salvatore Zaffino.
07 July 2006
Flood out of Cooper Gay in restructure
London-based broker Cooper Gay Group has parted company with its executive director of non-marine treaty reinsurance Dermot Flood as part of an organisational restructure.
07 July 2006
Accenture out of running for Aon back-office
Outsourcing firm Accenture is out of the running for the potentially landmark contract to run Aon Ltd's back-office function, The Insurance Insider can reveal.
07 July 2006
Willis $300mn bond cancellation sparks M&A speculation
Insurance broker Willis Group Holdings Ltd cancelled a $300mn debt issue at the end of June - a move that has led to speculation the firm is again considering a significant acquisition.
07 July 2006
Lloyd's capacity may rise in 2007
Total capacity at Lloyd's may rise next year after the first round of syndicates made their 2007 business forecasts.
07 July 2006
Cathedral Capital plans fund raising
Lloyd's insurer looks to raise up to £100mn to back further expansion plans The independent Lloyd's (re)insurer Cathedral Capital plc is looking to raise up to £100mn in a fund raising that will provide a platform for further expansion by...
07 July 2006
London news digest - July 2006
S&P reassesses syndicate ratings; UK start-up begins trading; FSA consults on special purpose vehicles; RFIB recruits energy team; Insurers dealt UK asbestos blow; Omega upbeat; Ward targets change with reshuffle; et al.
07 July 2006
Tower Group takes $5.4mn hit on PXRE commutation
New York based Tower Group Inc revealed on 6 July that it will write down $5.4mn on its balance sheet after commuting its outstanding liabilities with the near-defunct Bermudian reinsurer, PXRE Group.
07 July 2006
Equitas staff enjoy salary bonanza
Staff at Lloyd's run-off Equitas Holdings Limited have been rewarded for their success at commuting claims with major policyholders by pay rises which have seen the average salary increase by over £30,000 in the last four years.
07 July 2006
Solvency II to increase (re)insurance failures
Rating agency Standard & Poor's (S&P) says that more (re)insurers are likely to become insolvent as Solvency II puts the industry through a "revolution".
07 July 2006
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