What’s New: In brief (July 21, 2006)

R. Scott Donovan has been named Odyssey Re Holdings Corp.’s executive vp and chief financial officer. Donovan replaces Robert Giammarco, who will effectively resign Aug. 15 to pursue other interests, according to the company. For four years Donovan has been the president and chief operating officer of TIG Insurance Group, which is an affiliate of Odyssey Re. Before taking this role, Donovan served as TIG’s chief financial officer for three years.

David Paige, group risk director will be stepping down from Royal & Sun Alliance Insurance Group plc’s group board and leaving the group at the end of the year. Moving forward, the company said the group risk function will be split between insurance and non-insurance risk. In line with this approach Royal & SunAlliance will appoint a new group underwriting and claims director to the group executive committee with specific responsibility for insurance risk. All of the responsibility for non-insurance risks, including compliance, will be handled by Neil Macmillan who is the group chief auditor. Paige will remain group risk director until the end of 2006.