News
Florida Arrests Two Insurance Executives for Lying on Statements
Florida Chief Financial Officer Alex Sink announced today the culmination of an extensive insurance fraud investigation with the arrest of Luis M. Espinosa, 60, and Rene M. Cambert, 55, on eight …
XL Re appoints Latin America president
XL Re has announced the appointment of Philippe Rochaix as the new president and chief operating officer of XL Re Latin America Ltd.
Rochaix, whose appointment is effective from 1 October, is presently general manager and senior VP of XL Re Europe Limited’s French Branch.
During the transition period he will collaborate closely with the incumbent, Stephen […]
Guy Carpenter hires Franck Pinette
Global risk and reinsurance specialist Guy Carpenter & Company, LLC has announced the appointment of Franck Pinette to the post of chief executive officer of European Life Reinsurance operations.
Pinette, whose appointment is effective from 1 December, will be based in Paris and report directly to Nick Frankland, chief executive officer of European Operations.
He was formerly […]
Brit appoints underwriting director
International general insurance and reinsurance group Brit Insurance has announced the appointment of Richard Carver as underwriting director in the firm’s Reinsurance strategic business unit.
Carver, who takes up his new position in later September, will be directly responsible to Brit Reinsurance Chief Executive Officer Jonathan Turner.
He brings extensive experience in the fields of underwriting […]
Wildfire Risk
A wind-driven wildfire near Boulder, Colorado has now destroyed at least 135 homes making it the most destructive in the state’s history, according to a report at the DailyCamera.com.
It notes that the property damage has eclipsed that of the 2002 Hayman Fire, which destroyed 133 homes and scorched 138,114 acres southwest of Denver.
So far, the […]
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AXA Insurance builds mid-corporate risks team
AXA Insurance has appointed Martin Eyres as head of mid-corporate risks, with responsibility for driving the profitable growth of the insurer’s mid-corporate offering.
The specialist appointment is the firm’s fourth in recent months, as it continues to build capability to accommodate larger risks.
Having taken up his post on 1st September, Mr Eyres is now beginning […]
Aviva appoints public policy director
Aviva has announced the appointment of Sam White as its group public policy director, effective from 1st November 2010.
Mr White will have overall responsibility for implementing the insurer’s global public policy, regulatory agenda and strategy, across its core markets of the UK and Europe, as well as North America and Asia.
He will be based […]
Compliance moves to centre stage
Organisations can’t survive significant, sustained damage to their reputation - Historically the compliance function was given little status and often wasn’t considered relevant to the central thrust of a business.
Announcement relating to Efficient Capital (Pty) Limited and Sharemax
“The investors should be able to decide what they want”
- Investors of each PSC have the right to request the company secretary of such PSC to convene a meeting of shareholders.