February 2006/3

Outsiders led by Dr Ward head short-list. As the short-list of candidates to become the next Lloyd’s chief executive undertake their final presentations, it is likely the three hundred-year-old Society will be in a position to announce...

Despite the closure of Kinnect, an elite group of Lloyd’s insurers have banded together to drive down trading costs in London. A breakaway group of powerful Lloyd’s insurers has combined with a view to co-operate on areas of mutual benefit...

A potential beneficiary from Kinnect's demise was RI3K, the electronic reinsurance trading platform owned by Brit Insurance Holdings. In addition to Brit – which has financed all of RI3K’s £20mn of development costs – the hub is used by...

Bermudian giant ACE was one of the island’s few (re)insurers to score a hat-trick with a positive fourth quarter result, full-year profit, and a sub-100 2005 combined ratio. The company, which bore a net after-tax charge of $1.05bn from the year’s...

But insurance giant hopes $1.6bn regulatory settlement will draw a line in the sand… US giant American International Group (AIG) continues to dominate the headlines with its fight with former chief executive Maurice “Hank” Greenberg...

In the post-Spitzer world of transparency and placement service agreements (PSAs), brokers are struggling to replace lost income and maintain margins. So Aon's strong results - which included a 35 percent rise in...

US insurer The Hartford announced record 2005 net income of $2.3bn, or $7.46 a share, despite the year’s record industry hurricane losses. The figures were up by 8 percent and 5 percent respectively on 2004 results of $2.1bn and $7.12 a share...