Lloyd’s/London

Gittings given new London market role

David Gittings has been appointed as the new chairman of the Chartered Insurance Institute’s London Market Faculty advisory board. He succeeds Derek Thornton who has completed his term of office.

Key London market figures herald agreement

In the latest step in its drive to promote business processing efficiency in the London market, the Market Reform Group has reached agreement with key market bodies on the procedural rules which will underpin the use of the Insurers’ Market Repository.

RenRe risk appetite rewarded with 'stellar' 3Q

Bermudian reinsurer Renaissance Re has reported net income of $251.1m in the third quarter of 2006 compared to a net loss of $287.3 m for the same quarter of 2005. Renaissance said the results benefited from light insured catastrophe loss activity…

Solid 3Q for Axis

Bermudian (re)insurer Axis Capital has reported net income $226.2m, for the quarter ended September 30, 2006, compared with a net loss of $468.1 m for the same quarter in 2005.

Quiddington quits Lloyd's

Steve Quiddington, director of operations at Lloyd's has left the corporation. Mr Quiddington originally joined Lloyd's in 2000 and a was a former director of strategy for National Westminster Bank.

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