January 2004/3

Gregory Serio has announced that he will be stepping down from his current post as New York Superintendent of Insurance.

The Joint Provisional Liquidators of the Independent Insurance Company have announced an out-of-court settlement with Berkeley Burke, one of the failed insurer’s creditors.

As the FSA deadline for broker regulation approaches, the British Insurance Brokers' Association (BIBA) has warned that consumers may face added danger and confusion if they buy their insurance from a non-regulated company.

Lloyd’s-backed electronic data transfer system Kinnect announced today that Hiscox and Liberty Syndicates have pledged their support for the project and “will sign contracts shortly”.

President Bush boosted hopes of US tort reform last week when he staged a series of events putting the case for limitations on lawsuits.

Marsh has tempted back one of the key professional liability brokers who defected from the firm to join the expanding Atlanta headquartered broker Beecher Carlson in the New Year.

Swiss giant Zurich Financial Services (ZFS) announced today (10 January 2005) that its subsidiary Centre Insurance Company (CIC) has reached a comprehensive settlement with the Californian Insurance Commissioner in a long running dispute over transactions

Robert Stearns, a senior vice-president and excess casualty broker at Marsh’s New York office, pleaded guilty to a felony fraud charge last week in relation to New York attorney general Eliot Spitzer’s investigations into bid-rigging.