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  • Dear Sir, The two candidates for the single external vacancy on the Council are both writing multi-million pound lines for 2001; and are, or have been, well entrenched within the Lloyd's self-regulatory establishment. Lady Delves Broughton (Lloyd's 197
  • MBIA, RenaissanceRe, Koch Financial and PartnerRe announced last week that they were preparing to create a new Bermuda-based financial guaranty reinsurance company.
  • Australian insurer QBE Insurance Group has confirmed a privately placed $550mn offering of hybrid notes to institutional investors.
  • Transport and logistics mutual TT Club harbours hopes of regaining its A- rating after reporting strong 2003 results and a positive trading outlook last Wednesday (25 March).
  • Lloyd's insurer Omega Underwriting Agents was forced to scale back its 2004 expansion plans following the failure of some members agents to fully support its ambitions. Nevertheless, the manager of Syndicate 958 will still expand its 2004 capacity by
  • Property and catastrophe reinsurer IPC Holdings has had its investment rating downgraded from equal to overweight by analysts at Morgan Stanley.
  • ACE unveiled a series of management reshuffles last week in both its primary and reinsurance operations.
  • Jardine Lloyd Thompson plc has recruited the former chief executive of Guy Carpenter’s UK arm Keith Fenwick to the organisation, Insider Week can reveal.
  • Marsh has missed key deadlines in its acquisition talks with HLF Group Plc, leading to speculation that the world’s largest insurance broker may withdraw from the proposed £350mn takeover.
  • Trenwick Managing Agency (TMA) is set to rebrand following its August management buy-out from distressed parent, Trenwick Group Ltd. TMA was the last remaining underwriting operation of the Bermudian based insurer, Trenwick Group, and was finally spun