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Heath appoints from JLT
Broker Heath Lambert has announced the appointment of Jean-Michel Lewis and Nigel Earle as directors.
25 July 2005
Quanta searches for new finance chief
Bermudian insurer Quanta Capital Holdings Ltd has begun the search for a new chief financial officer following the departure of John Brittain Jr last week.
25 July 2005
ACE restates following finite risk investigation
ACE Ltd is restating its financial results for the last five years after an internal investigation discovered that eight finite risk contracts have been accounted for incorrectly.
25 July 2005
Artemis to appeal $700mn damages award over Executive Life
A Federal jury ruled last week that Artemis SA – the holding company of French billionaire Francois Pinault – should pay $700mn over its role in the Executive Life scandal.
25 July 2005
Solvent schemes suffer setback in High Court ruling
Users of solvent schemes of arrangement as a solution to discontinued business suffered a setback last Thursday (21 July) when a High Court judge refused to sanction a scheme for the British Aviation Insurance Company (BAIC).
25 July 2005
Marsh promotes Mina to head of international client services
Patrick Mina, the current head of Client and Market Services in the UK, has been appointed to the newly created role of Head of International Client and Market Services.
25 July 2005
Benign loss history bolsters Allstate in Q2
Allstate Corporation, the second largest property and casualty insurer in the US, has beaten consensus forecasts to post an 11 percent increase in Q2 2005 earnings, helped by benign catastrophe losses and strong premium growth.
25 July 2005
US shareholders settlements continue to climb following WorldCom deal
Despite being at an all-time high, US shareholder class action settlements are continuing to rise because of the impact of the mega WorldCom and Enron cases which are setting new standards for shareholder compensation.
25 July 2005
AM Best Europe loses another key executive
AM Best has lost a second key figure from its London office in six months, with the resignation of the well regarded Jose Sanchez-Crespo from his position as general manager of its European Ratings service.
25 July 2005
UK analyst questions Omega bid
A new research note from Shore Capital analyst Eamonn Flanagan has cast doubt on the rationale behind Omega’s bid for fellow Lloyd’s vehicle Hardy Underwriting.
25 July 2005
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