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Company Example A

Overview
Content
Data

Company type

Insurance-Linked Securities (ILS) and Investment Managers

Miscellaneous

Founded
1896

Major offices

Zurich, CH (headquarters)
Nassau, BS

Officers

Smedley MacGuffin (CEO)

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68751 results
  • 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
  • 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
  • Hidden Commissions
    Isn't it about time there was greater transparency in paying overriders to brokers? Should clients be concerned that their broker receives millions of dollars in hidden kickbacks from insurers for bringing business to them, in addition to the upfront c
    01 October 2004
  • Coffers buoyed as Admiral floats
    UK motor insurer Admiral enjoyed a successful stock market debut on Thursday morning, floating on the London Stock Exchange at an offer price of 275p, just above the midpoint of the indicative price range and valuing the company at £711mn.
    28 September 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
  • Spitzer will demand Marsh pays back 'illegal' profits
    MMC may be forced to hand $bns earned from PSAs back to its clients Marsh, the world's largest insurance broker, is in major trouble. At time of going to press, New York's attorney-general Eliot Spitzer appears close to achieving one of his first objec
    01 October 2004
  • Alea continues the good news with more profit taking
    London market insurer Alea heralded a successful half year with interims that showed a more than doubling of underwriting profit to $23.1mn from $11.1mn for the year earlier period.
    28 September 2004
  • St Paul Travelers ACandS award upheld
    St Paul Travelers was on the receiving end of a favourable court decision last Monday (7 September) as a Pennsylvania district court upheld a previous arbitration award granted to the US insurer, and effectively dismissed a lawsuit brought by bankrupt ins
    28 September 2004
  • Fairfax shuffles debt… again
    Canadian financial services holding company Fairfax has announced it will buy back up to 950,000 of its subordinate voting shares, accounting for approximately 10 percent of its currently outstanding subordinate voting shares.
    28 September 2004
  • GoshawK seeks stabiliity for ongoing business
    Lloyd's insurer GoshawK laid out its pitch as a successful ongoing business in its latest set of interims with post-tax Group profits of $10.0mn or earnings per share of 5.8 cents against a $50.9mn or 29.1 cents per share loss in the same period a year ea
    28 September 2004
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