March 2004/4

WTC leaseholder Silverstein Properties and world’s largest reinsurer Swiss Re have been in court in recent weeks to decide whether the 9/11 attacks amounted to one event or two.

Dick Grasso, the controversial former chairman of the New York Stock Exchange, is facing a subpoena from the Securities and Exchange Commission over allegations that he engaged in “influence trading” with shares in the insurance giant American Internation

Nine intense typhoons and 17 typhoons are predicted for the forthcoming Northwest Pacific typhoon season according to the latest forecasts from the Tropical Storm Risk (TSR) consortium.

Bermudian (re)insurer Aspen revealed last Monday (8 March) the identity of its new US property reinsurance team.

Reinsurance broker Benfield has announced the sale of 2,390,785 shares in Bermudan reinsurer Montpelier Re, with effect from 15 March.

Heath Lambert Group has confirmed that it will sell its Sydney based Australian insurance broking business, Heath Lambert Australia, to rival brokers Marsh.

Dutch insurer Aegon has announced a 16 percent increase in net profits for 2003 - the result, it said, of better performing stock markets and fewer bond defaults.

Last year's trend towards lower aviation premiums is unlikely to last beyond the start of 2004, according to new research published by brokers Aon.