United Kingdom News

Arthur Named President of Dallas Independent Agents Group

Pat Arthur, a partner at McQueary Henry Bowles Troy L.L.P. (MHBT) was recently installed as president of the Board of Directors for the Independent Insurance Agents of Dallas (IIAD). Arthur has been a member of the IIAD’s board of directors …

Reinsurance 2007 – A victim of success?

If the reinsurance industry were a game of golf, one would say that after three rounds — the two halves of 2006 and the first half of 2007 — it tops the leader board. But as any golf buff knows …

Reinsurance 2007 — A victim of success?

Record earnings, capitalization and profits deliver new challenges for reinsurers If the reinsurance industry were a game of golf, one would say that after three rounds — the two halves of 2006 and the first half of 2007 — it …

ACE Overseas New Construction Unit

ACE Overseas General has formed a new international construction practice group to address the world’s growing regional commercial construction and infrastructure activity. Vice President David Walters, based in London will lead ACE International Construction, reporting to Paul McNamee, Senior Vice …

Bromley Named Vice-Chairman of Aon Re Global

Aon Corporation announced from its offices in London and Chicago that Geoffrey (Geoff) Bromley will join the company as vice chairman of Aon Re Global. He will “lead Aon Re’s operations in the United Kingdom, Europe, Africa and Middle East …

ACE Overseas Makes Accident/Health Management Appointments

ACE Overseas General has appointed Edward Levin, currently Regional Executive Vice President, Accident & Health (A&H), ACE Europe, to the position of Executive Vice President, International A&H. Andy Hollenberg, currently Vice President, A&H, ACE Far East, has been named Senior …

Clark Elected Chair of the AAMGA Under 40 Organization

Michael Heagerty, president and CEO of The Harry W. Gorst Co. based in Chatsworth, Calif., recently announced that Bryan Clark, senior vice president/underwriting, is the new chair for AAMGA’s Under Forty Organization (UFO). Clark’s appointment was made official at the …

Ratings Roundup: Luen Fung Hang; Allianz UK; Groupama

A.M. Best Co. has affirmed the financial strength rating of “A-” (Excellent) and the issuer credit rating (ICR) of “a-” of Macau-based Luen Fung Hang Insurance Company Limited (LFH) with a stable outlook. “The rating affirmations reflect LFH’s solid risk-based …

RenRe Reports $193.7 Million Q2 Net

Bermuda-based RenaissanceRe Holdings Ltd. posted $193.741 million after tax income for the second quarter of 2007. Net income available to common shareholders was $183.166 million or $2.53 per diluted common share in the quarter, compared to net income available to …

RMS: U.K. Summer Floods Could Cost Insurers £2.25 Billion

The June and July floods that gripped parts of the U.K. could cost insurers between £2.25 billion and £3.25 billion in total, according to latest estimates by Risk Management Solutions (RMS). Insured losses from the July flood are likely to …