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Dennis and Emily make landfall
Hurricane season earlybirds hit US and Mexico Barely a month into the hurricane season and two major storms have already made landfall in the south east United States and Mexico.
21 July 2005
Contract certainty blamed for rethink on Accounting and Settlement
Lloyd's is planning to scale back the implementation of its Accounting and Settlement (A&S) project for the market as it looks to focus resources on the task of achieving contract certainty by the deadline of the end of next year imposed by...
21 July 2005
AM Best Europe strained by another departure
The Insurance Insider can reveal that rating agency 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...
21 July 2005
AIG 1Qs show underlying strength
In what was a relatively uneventful month, world's largest insurer AIG continued to play catch-up with the Securities and Exchange Commission (SEC), delivering its first quarter 2005 results on 27 June.
21 July 2005
Converium steps up pace in search for new chief executive
Swiss reinsurer Converium has begun the search for a replacement to its chief executive Terry Clarke who stepped in earlier this year following the ousting of Dirk Lohmann in the wake of the company's much publicised difficulties.
21 July 2005
GoshawK shareholder revolt falls flat
The revolt of Goshawk's shareholders came to an abrupt end this month when the company's largest shareholders, Phoenix Asset Managers, failed to gain backing for any of its proposals at the company's AGM.
21 July 2005
$1bn Brandywine sale remains uncertain following hearing
Despite a hearing earlier this month headed by the Pennsylvannia insurance commissioner Diane Koken, ACE Ltd is no closer to knowing whether the proposed controversial sale of three asbestos-riddled subsidiaries to run-off company Randall & Quilter...
21 July 2005
London turns to Benfield debt finance fund
A programme of subordinated debt is offering a new route to capital for Lloyd's and London (re)insurers, The Insurance Insider can reveal.
21 July 2005
Integro continues its Marsh harvest
Integro Ltd, the Bob Clements' inspired broking start-up, has continued to find Marsh Inc fertile territory to harvest new recruits.
21 July 2005
SCOR completes capital raise to buy-back
French reinsurer SCOR has successfully raised a total of EUR233.2mn from the issue of 149.5mn shares (after full exercise of over-allotment option), with the majority of the gross proceeds going to buy back the remaining shares of Irish subsidiary IRP.
21 July 2005
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