January 2005/1

Analysts at Banc of America Securities provided a New Year boost to MMC by upgrading their stance on the world's largest insurance broker from "neutral" to "buy".

In our regular monthly News Digest, we round up key stories from the last month, presenting them to you in easily digestable snippets.

MMC investors clearly see resolution with the New York attorney general Eliot Spitzer as the key to resolving the traumas surrounding the broker's remuneration practices, if the share price's reaction is anything to go by.

XL D&O dispute heads for court; ALAS settles with reinsurers The acrimonious dispute between reinsurance broker RK Carvill and its former client XL Professional Liability over its disputed D&O treaties is set for an October 2005 show-down.

A second dispute, which went to arbitration in November 2004, saw London market reinsurers victorious in a dispute over professional indemnity reinsurance cover broked by Carvill for the Attorneys Liability Assurance Society (ALAS), a US-based mutual insu

Lloyd's has issued proceedings against Aon over the broker's refusal to waive the statute of limitations concerning the Central Fund reinsurance dispute. The Corporation is preparing to enter the second phase of arbitration with Swiss Re and the other

In our regular monthly News Digest, we round up key stories from the last month, presenting them to you in easily digestable snippets.