July 2005/1

Willis chief executive Joe Plumeri has earned around $50mn this year from selling over a third of his holding in Willis, the broker he has revitalised since joining in 2000.

Australian regulator the Australian Securities and Investments Commission (ASIC) announced last Thursday (30 June) that it had uncovered no evidence of systemic abuses of broker remuneration practices of the kind exposed by the Spitzer probe in the US.

Lloyd's underwriter Hardy has provided details of the shareholders backing it in fending off the unwelcome attentions of fellow Lloyd's insurer Omega.

Reinsurance broker Benfield’s strategy of growing its corporate primary business received a fillip with news that it has won the Seacor account from rival Marsh.

German reinsurer Hannover Re has revealed plans to realign its under performing US subsidiary Clarendon away from program business to specialty insurance, potentially cutting gross premiums by $1bn and increasing group net retention to 80 percent over...

Jardine Lloyd Thompson admitted last week that it will again start charging placement service agreement (PSAs) revenues because of a lack of a "level playing field".

Sparks fly as fund manager lambasts management of Rosemont Re ahead of AGM. The largest shareholder in UK quoted reinsurer GoshawK has gone public with scathing criticisms of the company’s management in a letter sent to fellow shareholders ahead of...