Insurers win awards

Two Bermuda insurance companies have been honoured at the 'Review Worldwide Reinsurance Awards', held on September 3 in London.

New Bermuda insurer, Montpelier Reinsurance Ltd. was named Company Launch of the Year while Scottish Re won a new award for Life Reinsurer of the Year.

Jason Groves, Editor of "The Review", said: "With just over a year's operation under their belts, the management of Montpelier Re have many reasons to celebrate. The company has concluded a successful stock market float and seen its premium volume grow steadily while maintaining the kind of combined ratio that is the envy of more established reinsurers. It is clearly one of the Bermuda start-ups to keep an eye on for the future."

Scottish Re Group, formerly Scottish Annuity & Life, is "one of the most innovative and profitable companies in the industry, Scottish Re," according to Mr. Groves.

"Despite its relative youth - it celebrates the fifth anniversary of its founding this year - the company has already made a strong name for itself and had an outstanding 2002, which greatly impressed the judges."

Aon Re CEOnamed

Clement Booth will be joining Aon Corporation as chief executive officer of Aon Re International, a unit of Aon Re Global, Aon's global reinsurance brokerage unit and the largest reinsurance brokerage firm in the world.

He will also serve as chief administrative officer for Aon Re Global. Mr. Booth will be based in the United Kingdom from October 1.

Mr. Booth joins Aon from Munich Re, where he was a member of the board of management, overseeing special and financial risks, investor relations and strategic planning. He joined Munich Re in 1986. Previously, he worked in a variety of management and administrative roles with South African insurers.

In addition, Aon said Paul Markey of Aon's Bermuda broking unit will be joining Aon Re's management board.

PXRE at meeting

PXRE Group Ltd. chief executive officer Jeffrey Radke will participate at the Wall Street Analyst Forum's 49th NYC Analyst Conference, which will be held at The Roosevelt Hotel in New York City from September 15-17.

Joining Mr. Radke will be John Modin, senior vice president and chief financial officer.

PXRE's investor presentation takes place at 1.30 p.m. on Wednesday, September 17, 2003, and will be available to investors via a live audio webcast. A link to the conference webcast can be found at the company's website, www.pxregroup.com.

Tyco names lobbyist

Bermuda-registered Tyco International has named Fruzsina M. Harsanyi as vice president, public affairs.

Dr. Harsanyi will report to Tim Flanigan, general counsel, corporate and international law, from Tyco's offices in Washington D.C. She joins Tyco from ABB Inc., where she served as senior vice president, public affairs and corporate communications.

Dr. Harsanyi will hold primary responsibility for managing the company's government affairs and advocacy initiatives at the state, federal and international levels. She will also serve as a primary representative for Tyco on public policy issues affecting the company's businesses and interests worldwide.

Arton to speak

XL Capital senior vice president, investor relations, Gavin Arton will participate in the Sandler O'Neill & Partners, L.P., 2003 Insurance Conference on September 16, 2003 at The Grand Hyatt Hotel in New York from 12.30 a.m. to 1 p.m. .

A live webcast of Mr. Arton's presentation may be accessed by logging into http://sandler.ninesystems.com/event_registration/ins2003/main.asp .

A replay of the presentation will be archived on the Investor Information section of www.xlcapital.com following the live broadcast for approximately 30 days.

Catlin rating affirmed

A.M. Best Co. has affirmed the financial strength rating of A (Excellent) of Catlin Insurance Company Limited (CICL), Bermuda, adding the company's outlook is stable.

Best said the rating reflects the company's excellent capitalisation and prospective financial performance, access to business with a proven track record through Lloyd's Syndicate 2003 - currently rated A (Excellent) - and its development of a diversified account from other business sources.

"An offsetting factor is the challenge to CICL from increased business volume. The company is a wholly owned subsidiary of Catlin Group Ltd (CGL), a Bermudian holding company."