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  • Inside PSAs - the winners...
    The New York attorney-general’s extraordinary allegations of bid-rigging at Marsh - and some of the world’s largest P&C insurance companies - have stunned the industry.
    01 October 2004
  • International News Digest - October 2004
    In our regular monthly News Digest, we round up key stories from the last month, presenting them in easily digestable snippets. The major events of the month - including Spitzer’s complaint - are featured elsewhere in the issue
    01 October 2004
  • That was the week that was...
    A diary of events following the Spitzer complaint and the shockwaves it created... Thursday 14 October: Spitzer drops a bomb-shell on the global insurance industry by revealing he is suing Marsh, the world’s largest insurance broker, for price-fixing
    01 October 2004
  • Boosted Converium continues survival fight
    After several weeks of indifferent news, troubled Swiss reinsurer Converium received welcome boosts from ratings agencies Standard & Poor's and Fitch, who both upgraded the reinsurer a notch on the strength of its successful $420mn right issue.
    01 October 2004
  • Ex GoshawK chief in buy-out attempt
    Chris Fagan, the former chief executive of insurer GoshawK, is behind an attempt from a Japanese private equity house to take the UK listed company private. Fagan was ousted from GoshawK last year following the collapse of its Lloyd's Syndicate 102 la
    01 October 2004
  • PSAs under scrutiny
    The opaque, but growing, practice of brokers charging payments from insurers to place business with them has been attacked by an influential US think tank as “potentially damaging”. The Washington Legal Foundation (WLF) urged senior industry regulators
    01 October 2004
  • AIG probe goes criminal
    World's largest insurer AIG confirmed on 29 September that one of its business units was now under criminal investigation by the US Department of Justice for alleged violations of federal securities laws.
    01 October 2004
  • Counting the cost of Spitzer
    The following article was run as the leader in the May 2004 issue of The Insurance Insider... As the controversy over PSAs grows - with subpoenas issued to both brokers and insurers - could the actions of US regulators cost MMC and AON more than $1.5bn
    01 October 2004
  • London News Digest - October 2004
    In our regular monthly News Digest, we round up key stories from the last month, presenting them in easily digestable snippets. The major events of the month - including Spitzer’s complaint - are featured elsewhere in the issue
    01 October 2004
  • Inside PSAs - the losers...
    The New York attorney-general’s extraordinary allegations of bid-rigging at Marsh - and some of the world’s largest P&C insurance companies - have stunned the industry.
    01 October 2004
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