February 2005/4

Broker Marsh looks set to announce more job redundancies as the result of an ongoing cost-cutting programme.

A further three employees have pleaded guilty to criminal charges in connection with bid-rigging investigations by New York attorney general Eliot Spitzer.

Influential rating agency Standard & Poor’s (S&P) announced on 17 February that it was placing the ratings of Swiss financial services giant Zurich Financial Services (ZFS) on CreditWatch with negative implications, following the revelation that the compa

Converium appears to have survived the worst of the 1/1 renewals, according to the reinsurer. In a conference call on 17 February, CEO Dirk Lohmann told analysts he was “very happy” with the results of the renewals, which saw the retention of 63 percent o

The final round of a legal marathon got underway last week, with the appearance in a Los Angeles court of French holding company Artemis in relation to its 1991 acquisition of the Executive Life insurance company.

The sudden departure of Marie-Louise Rossi from the International Association of Underwriting (IUA) has led to suggestions her parting was less than amicable – a view the IUA refused to contradict.

The first breakthrough in passing meaningful tort reform in the US came on Friday (18 February) as President George Bush signed the Class Action Fairness Act into law in the first bill signing ceremony of 2005.