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  • 2005 was a terrific year for European insurance stocks, but investors should now prefer the life sector, over property & casualty, warned analysts at Merrill Lynch.
  • Nissan Fire & Marine now estimated its aviation losses in connection with reinsurance contracts written by managing agent Fortress Re now total 128.8bn yen ($1.035bn).
  • Reinsurer XL Re has announced the appointment of Jeremy Hindle as ceded reinsurance and underwriting risk manager.
  • Fast growing Bermudian post-9/11 start-up AXIS capital saw its new European headquarters officially opened in Dublin last Wednesday (8 July) by Irish finance minister Charlie McCreevy TD.
  • Lloyd’s insurer SVB has appointed Stephen Heming as head of Group Compliance and a director of underwriting. Previously Heming was compliance officer and company secretary at Illium Managing Agency and he has also held compliance posts...
  • Willis Group has confirmed that it has recruited a team of Jardine Lloyd Thompson's (JLT) Financial and Professional lines brokers led by Julian Martin, the recent leader of JLT's UK D&O team.
  • Andrew Wallace, the former Chief Executive of Crowe Syndicate Management and active underwriter for Syndicate 963 has been banned from Lloyd’s after admitting to charges of misconduct.
  • Bermudian reinsurer RenaissanceRe revealed last Wednesday (23 June) that stalwart and chief underwriting officer David Eklund has resigned from the group “to pursue personal interests”.
  • Fast-growing start-up broker Integro has announced two more new appointments in the last week.
  • Reinsurance broker Benfield has announced that it can now provide all technical documentation (including claims advice, claims settlement, premium credit closing and treaty balance), in a paperless, electronic format.