December 2004/1

But XL Syndicate 990 reveals stunning 40 percent loss deterioration On the face of it, Lloyd's latest release of the market's Syndicate Quarterly Returns (SQRs) reveals little change from the figures put out for the 10th quarter on the 2002 year of acc

World's second largest broker Aon has made public efforts this month to clear up comments attributed to outgoing CEO Pat Ryan that he was "not fazed" by the Spitzer and other investigations into the industry, and that he was "very comfortable" with the be

Insurer-backed Willis plays aggressive independence card after winning Fortune Brands account Willis Group, the global insurance broker tipped by many to benefit from the Spitzer fall-out, has been aggressively marketing itself as a non-conflicted alte

The beleaguered broking giant MMC took further steps to improve its corporate governance rating last month by firing five senior executives from its board of directors last week.

New evidence has come to light of the use of off-balance-sheet transactions by insurance giant AIG. The allegations, published in industry newsletter Inside Bermuda, relate to offshore structures in Barbados and Bermuda used by AIG in the 1980s to circ

A year after the UK regulator Financial Services Authority issued a consumer warning against the dubious insurer Centennial Insurance Company - or CIC - the British Columbia Financial Institutions Commission ordered the company to stop doing business in t

The Insurance Insider has learnt that Brian Jackson, active underwriter on up-for-sale St Paul Syndicate 779, is in advanced negotiations for a deal that would see business novate to Lloyd's managing agency Jubilee.

Broker Aon has stated the potential impact of a mammoth round of energy litigation currently underway in the Royal Courts of Justice. As reported in the March edition of The Insurance Insider, the case was brought by oil giant BP against Swiss Re, AIG,

As recently as 19 November, more than 60 percent of Lloyd's brokers by number, and up to 90 percent in terms of 2003 sales, had yet to receive final authorisation from UK regulator the Final Services Authority (FSA) ahead of its takeover of watchdog duti

Litigation epic bears bitter sweet fruit for leaseholder with potential $1bn gain The jury in the second round of WTC insurance litigation has delivered its verdict in favour of the building's leaseholder Larry Silverstein. The decision, which the j

Companies subpoenaed but observers divided over impact of latest regulatory probe The spectre of Spitzer spread to the practise of finite (re)insurance last month, as several companies, including Swiss Re, Ace, St Paul Travelers, Platinum Underwriters

RISK executives criticised in court defeat - but agency fights back with press A heady cocktail of collusion, doctored documents and "implausible" testimony came to light last month after judgement was handed down in a fraud dispute between German rein