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Moss and Fisher in surprise departures
Lloyd's finance director Andrew Moss surprised observers on 29 January when he resigned to become the Group finance director of UK insurer Aviva plc.
01 February 2004
London News Digest - February 2004
We are pleased to introduce our new regular monthly News Digest, rounding up the key stories from the last month, and presenting them to you in easily digestable snippets.
01 February 2004
Xchanging acquires RebusIS at last
After months of speculation, Xchanging has finally acquired insurance IT provider RebusIS creating a combined group with revenues of $360mn and 1800 employees.
01 February 2004
Core reserves short by $30bn, says Moody’s
In a new report, ratings agency Moody’s has suggested that core reserves (i.e. reserves excluding asbestos and environmental liabilities) for the insurance industry may be short by as much as $30bn.
26 January 2004
Watson Wyatt sets up German arm
Consultants Watson Wyatt has announced that it will establish an insurance and financial services consulting team based in Munich.
26 January 2004
EU expansion to benefit insurers
The imminent expansion of the European Union – creating the largest trading bloc in the world – will benefit the insurance industry, according to actuaries Tillinghast.
26 January 2004
Lochain Patrick acquires LSR
Independent Lloyd’s brokers Lochain Patrick Insurance Brokers Limited has announced plans to acquire London Special Risks Limited (LSR), the specialist marine insurance and reinsurance advisory and broking company.
26 January 2004
R&SA sells Mutual and Federal stake
R&SA has announced the sale of its 37.1 percent shareholding in South Africa’s Mutual & Federal Insurance Company Ltd.
26 January 2004
Benfield brokers Chinese first; Liberty pioneers Western China
There were further signs of the opening of China’s (re)insurance market last week, as Benfield announced it had placed a $5bn reinsurance programme for the China Export & Credit Insurance Corporation and Liberty Mutual became the first foreign property ca
26 January 2004
Tony Taylor leaves Aspen
Tony Taylor, the founding chief executive of Bermudian reinsurer Montpelier Re, has resigned from the board of Aspen following the latter’s flotation on the New York Stock Exchange.
26 January 2004
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