March 2005/3

Marsh & McLennan Risk Capital Holdings has agreed to sell around half of its share in AXIS Capital, the Bermudian (re)insurer it helped found in the wake of 9/11.

As predicted in the February edition of The Insurance Insider, Aon Corp struck a nationwide agreement with US regulators to settle the bid-rigging, kickback and steering investigations into the broking giant. The broker followed its rival MMC in estab

Aspen profits up AWAC positive result despite storms IPCRe hurricane losses grow Platinum profits down Quanta makes maiden year loss

Names action group joins queue to sue directors of HIH-owned Lloyd's insurer Litigation embroiling now-defunct corporate vehicle Cotesworth Capital continues to snowball, with a claim being served earlier this month against former directors, auditors a

Friction between Manning Williams Ltd founder John Manning and co-director Colin Spreckley contributed to the decline of the Lloyd's broker, according to the director's report to the creditors meeting earlier this year. On 9 December 2004, the broker

Benfield thought to be leading the pack as they announce strategy to expand primary operations Benfield Group Ltd is in talks with the former Jardine Lloyd Thompson Group Plc chief executive Steve McGill to drive the reinsurance broker's expansion into

Lloyd’s has settled its £500mn Central Fund dispute with its six reinsurers, following the second phase of its arbitration tribunal, for a total of £152mn. The agreement follows the damaging arbitration decision in the first phase of the tribunal which

Until Enron changed the rules, AIG's habit of revealing unrelentingly smooth earnings tailored to the needs of Wall Street was widely acknowledged to be unremarkable.

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

In America, nothing fails like success, wrote novelist Budd Schulberg. That thought, among others, was on my mind yesterday as reports swirled around that Hank Greenberg, AIG's chairman and CEO, would soon be relinquishing the CEO title.

The cost of PSAs: Endurance raises its fees to pay for Aon overriders... "The losers in this have been Aon's clients and the marketplace for insurance. The clients have been harmed in at least two ways. First, insurance often passed the cost of conting

MMC Capital's chief executive Charles Davis is to lead a management buy-out of the private equity firm from its parent, the broking giant Marsh & McLennan Companies.