January 2005/4

‘Placement Model Proposal’ endorses transparency; suggests additional fees may be charged. Marsh’s UK retail operation plans to offer customers a 2-5 percent discount off the “nett” price of cover, and has not ruled out charging the market extra...

In the January 2005 edition of The Insurance Insider, we refer to the JLT executive Jonathan Marland as the Conservative MP for Somerton & Frome. This is a mistake. He is the Conservative candidate for Somerton & Frome.

The Japanese government will increase its limit for earthquake reinsurance payments for the first time in three years, according to the Daily Yomiuri newspaper.

Equity analysts at investment bank KBW have taken a neutral stance in their 2005 sector overview of European insurers, citing the end of the hard market, possible non-life reserve shocks and the fact that any good news on the sector has already been price

The Connecticut attorney general Richard Blumenthal vowed to launch a series of legal actions over alleged insurance industry abuses when he filed a lawsuit against Marsh and ACE Ltd last week.

Nigel Hanbury, the chief executive of Lloyd’s members’ agent Hampden Agencies, has been elected to the Society’s ruling body, the Lloyd’s Council.