London News

Willis Joins Catlin as Deputy Chief Investment Officer

The Bermuda-based Catlin Group Limited announced that Patrick Wills will join Catlin, effective May 5, as Deputy Chief Investment Officer, based in the group’s London office. Wills will work alongside Nylesh Shah, who also holds the title of Deputy Chief …

Deutsch Departs Ironshore; Kelly to Succeed as President

Ironshore Inc. announced that Bob Deutsch, president, will leave Ironshore effective March 31, 2009. Shaun Kelly, former AIG executive who is now CEO of Ironshore’s U.S. operations, will also assume the role of president of Ironshore Inc. Deutsch helped grow …

People

Kansas Gov. Kathleen Sebelius is President Barack Obama’s choice for secretary of health and human services. Sebelius, 60, is seen as a solid choice to head HHS because as a governor responsible for the Medicaid program in Kansas, she faced …

People

Richard G. “Dick” Clarke, senior vice president of J. Smith Lanier & Co. in West Point, Ga., has been elected 2009 president of RiskProNet International, a network of 25 independent insurance brokers in North America. Clarke is a veteran of …

Transatlantic Elects New Officers

At its regularly scheduled meeting, the Board of Directors of Transatlantic Holdings, Inc. elected Amy M. Cinquegrana, Corporate Secretary. She was also elected Corporate Secretary and Assistant Vice President of Transatlantic Reinsurance Company, a subsidiary of TRH. The Board of …

Ratings Recap: Everest Re (Notes), Int’l. Hannover, China Int’l., Transmonde

Standard & Poor’s Ratings Services said that its ratings on Bermuda-based Everest Re Group Ltd. and its U.S.-based intermediary holding company, Everest Reinsurance Holdings Inc. (both rated ‘BBB+’ with a stable outlook), as well as the ratings on the company’s …

Markel International President Sees Further Growth

William Stovin, president and COO of Markel International, has been going in both directions since 2000. That’s the year its parent, Virginia-based Markel Corp., bought the UK and Lloyd’s insurer Terra Nova. Stovin’s been in charge of both shrinking that …

Ace Europe Appoints Reynolds UK, Ireland Marine Manager

ACE Europe has appointed Mike Reynolds as Marine Manager for the UK & Ireland. He will be responsible for managing the ACE’s marine portfolio written outside of its London market operation through ACE Europe’s 11 regional and London offices. He …

Farm-based Biogas, a Neglected Asset in Greenhouse Gas Fight

John Ibbett and pigs go back a long way. “The pig manager pushed me round in a pram,” recalls Ibbett, whose family has been farming on the same site since 1939. Now he’s proud his family farm can turn muck …

UK’s FSA to Propose Overhaul of Global Bank Regulation

Britain’s Financial Services Authority (FSA) will publish Wednesday a blueprint for a shake-up of global banking regulations aimed at preventing a recurrence of the financial crisis weighing down the world economy. The report, commissioned by British Prime Minister Gordon Brown …