And also this week …
FSA head stands down
FSA chief executive Hector Sants will step down this summer after three years in the role. Sants said: “When I was appointed, I told the board that I planned to serve as chief executive for three years, and I intend to stick to that. Of course, those three years have encompassed the most extraordinary circumstances for a financial regulator, and I am very proud of the manner in which the FSA rose to the challenge of dealing with such unprecedented turbulence.”
AON founder sets up MGA
Founder and retired executive chairman of Aon Corporation, Pat Ryan, is launching a new managing general agent. Ryan Specialty Group, based in the US, and its wholly owned subsidiary UK-based Ryan Specialty (Europe) Ltd will specialise in financial lines products including directors’ and officers’, financial institutions and professional indemnity.
New look for Global Re
Global Reinsurance, sister magazine of Insurance Times, relaunches on Monday following an overhaul of its design and content. The new GR builds on nearly two decades of heritage to put the role of reinsurance purchaser at the heart of its content and build on its established links to brokers and reinsurers.
Editor-in-chief Tom Broughton said: “This is an exciting time for Global Reinsurance, as this is more than just a cosmetic overhaul. A whole host of new sections have been introduced to reflect the needs of the dynamic international insurance community. GR will also work much more closely with Insurance Times and StrategicRISK to allow for coverage from right across the insurance value chain.” See globalreinsurance.com, from Monday 15 February.