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  • Michael Watson, the former Chief Executive of Unicover afflicted Odyssey Re, is to replace Pierre Croizat as the new Chief Executive of Trenwick International, the London arm of Bermuda-based insurer Trenwick Group Ltd. Watson is joined by James Giordano,
  • First City, the independent Broker specialising in insurance for financial institutions, will recruit the five strong FinPro team that resigned from Marsh's Financial and Professional Indemnity division (FINPRO) subsidiary last month. The move will contin
  • The former darling of the city is looking lonely after under-reserving When even the house broker is forced to reduce its recommendation to a neutral, you know you are in trouble. Michael Bright, the outgoing chief executive of Independent Insurance P
  • Flashpoint’s sister company British International Group claims to be a victim of forged Far East binders. In an exclusive investigation, The Insurance Insider investigates David Forrest’s unhappy involvement with the murky world of insurance con-men and c
  • Controversial film financier Flashpoint calls in administrators and admits to misusing insurers’ monies. S&P react with largest single downgrade of a European bond
  • Lloyd’s have announced that the Market’s total loss for the 1998 underwriting year will be £1.06bn, with current projections for 1999 of £1.11bn.
  • The Insurance Insider profiles the world’s two biggest brokers, and discovers that the time is ripe for Aon to reign in its bête noire’s outperformance. Take two brokers of a similar size; the first with annual brokerage of $4.4bn, the second slightly
  • Tax reform bolsters results but disappointment with Clarendon acquisition gives weight to the Cassandras. Hannover Re, the world’s fifth largest reinsurer, expects gross premium income to grow by 25 percent for 2000 to some €8.4bn. However, pre-tax inc
  • The London contingency market, which routinely attracts publicity for covering outlandish risks such as prize indemnity and sporting non-events, has itself been washed out by that double whammy of too many claims and too much capacity. The latest departur
  • A fall out with management has led to Charman’s shock resignation from ACE, one month after his promotion to Group President of ACE International The shock announcement that John Charman has left the global insurer ACE has led to fierce speculation ab