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  • Lloyd’s-backed electronic data transfer platform Kinnect unveiled a double whammy last week in the form of the resignation of Toby Davies and Iain Saville as CEO and executive chairman respectively.
  • As the reinsurance industry converged on Monte Carlo for the annual reinsurance Rendez-Vous last week, conversations seldom strayed far from Hurricane Katrina. But amidst the champagne and conjecture, there was a general consensus that rates would...
  • Broker Glencairn has today opened a new South African office in Johannesburg and launched a new company providing a broking service to Southern African clients. The move follows Glencairn’s 2003 management buy-out from Glenrand MIB group, since...
  • Industry legend Maurice “Hank” Greenberg gave his strongest hint yet that he plans to return following his ousting from insurance giant American International Group Inc in March. In an interview with Reuters last week, the 80-year old said...
  • New York attorney general Eliot Spitzer has formally charged eight former Marsh & McLennan executives after an investigation into bid rigging and price fixing. William Gilman-executive marketing director and enforcer of Marsh’s placement service...
  • But hurricane season far from over... Hurricane Ophelia will create insured losses of no larger than $800mn, according to the latest estimates from catastrophe modelling firm AIR.
  • Recent estimates from the US Minerals Management Service (MMS) have revealed the continuing impact of Hurricane Katrina on oil and gas production in the Gulf of Mexico.
  • Lloyd's has confirmed today (14 September) the resignation of Toby Davies and Iain Saville as CEO and executive chairman of Kinnect respectively.
  • Lloyd’s has issued an estimate of £1.4bn net loss due to Hurricane Katrina, stating that the London market is in a strong enough position to absorb the loss.
  • Morgan Stanley analyst William Wilt has advised investors to remain selective as new capital opportunities arise with (re)insurers in the wake of Hurricane Katrina.