September 2005/2

The head of General Electric’s (re)insurance arm confirmed last month that the giant conglomerate will probably sell or spin-off all its underwriting units in due course.

Allstate, State Farm face vast exposures with limited reinsurance...

Mark Hardinge, the former Aon Ltd managing director of its professional risks division, is set to join UK broker Heath Lambert Group later this year.

Bob Clements' fast growing start-up looks to make London breakthrough with its debut acquisition...

Days after 11 September 2001, the former MMC chief executive Jeffrey Greenberg was instrumental in forming Axis Specialty – the Bermudian insurer which has since blazed a trail of success amidst the ripe rating environment of 2002-2004.

French reinsurer SCOR continued its return to profitability as it announced an 18 percent rise in net income to EUR72mn in its first half results for 2005 at the beginning of the month.

Supporters of UK solvent schemes of arrangement were encouraged by a Scottish Court’s decision to sanction the M&G Re scheme earlier this month.

US broker Hilb Rogal & Hobbs Company has settled with Connecticut regulators investigating the firm over alleged compensation abuses.

Rod Fox, the former chief executive of Benfield’s US arm, has returned to the broker to help develop its new Benfield Corporate Risks division.

In our regular monthly London News Digest, we round up key stories from the last month, presenting them to you in easily digestable snippets.

In the aftermath of the terrorist attacks on the World Trade Center, The Insurance Insider’s lead editorial quoted the following exchange from Hemingway’s The Sun Also Rises: