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September 2006/5
  • Ward prepared to mandate action on electronic claims
    Lloyd’s CEO Richard Ward has told the market he wants to see all claims transacted electronically by the end of next year.
    26 October 2006
  • City grandees buy Lloyd’s investment firm
    The Conservative Party treasurer and former Jardine Lloyd Thompson Group plc director Jonathan Marland has led an investor group of City grandees that has acquired the Lloyd’s investment fund manager, Insurance Capital Partners LP (ICP).
    02 October 2006
  • Tiner warns on commissions disclosure
    The prospect of mandatory disclosure of broker commissions in the UK took a step closer today following a speech by the Financial Services Authority chief executive John Tiner.
    02 October 2006
  • RenRe three charged by SEC
    RenaissanceRe founder and former chairman and CEO Jim Stanard and two other ex-employees of the Bermudian reinsurer have been charged with securities fraud by the Securities and Exchange Commission (SEC) over a finite reinsurance transaction.
    29 September 2006
  • Advisen targets London with Web Connectivity tie-up
    Market information and analysis firm Advisen Ltd has teamed up with XML messaging specialist Web Connectivity Ltd in a combined offering it says will increase transparency and efficiency in the London market.
    29 September 2006
  • R&SA seals US disposal for £443mn loss
    Insurer claims ‘finality’ for US exposures in sale to management vehicle
    28 September 2006
  • Catlin confirms cat bond launch
    Bermuda-based Catlin Group confirmed today (27 September) that it is to enter into a catastrophe swap agreement that would provide it with coverage of up to $200.25mn for global natural catastrophes.
    27 September 2006
  • Atrium feel FX squeeze as profits fall
    Lloyd’s insurer Atrium reported a fall in pre-tax profits today (27 September) with foreign exchange fluctuations blamed for the drop to £7.9mn for the first half of 2006, against £13.7mn in the prior-year period.
    27 September 2006
  • Aon picks up Fac chief from Benfield
    Aon Re Global revealed today (26 September) that it has recruited Elliot Richardson, currently head of facultative reinsurance at rival Benfield Group, to head its global fac reinsurance team.
    26 September 2006
  • Brit promotes Henderson for US liability drive
    UK insurer Brit Insurance Holdings plc today (25 September) announced it has promoted Janet Henderson to head its North American professional liability team, as it targets growth in the business over the next few years.
    25 September 2006
  • Max Re forms new aviation unit
    Max Re Capital Ltd is the latest new market in the aviation sector with the arrival of former La Réunion Aérienne underwriter Olivier Marre.
    25 September 2006
  • AIG appoints Willumstad as chairman
    US giant American International Group (AIG) unveiled Robert Willumstad as its new chairman on 20 September.
    25 September 2006
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