March 2005/3

MMC chief executive Michael Cherkasky vowed the broker will keep its wholesale operations despite concerns that they can lead to conflicts of interest.

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.

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.

Broking giants count cost of Spitzer JLT blames Risk Solutions for sluggish performance Benfield posts flat profits but sees growth in primary markets MMC culls a further 2500 jobs to cut costs

Hard market harvesters look to the future, while others held back by past Amlin 2001 reports record combined ratio Beazley sees good conditions, prepares for downturn Catlin grows with record premium and profit GoshawK posts better results Lega

Reinsurers seek to avoid liability on WTC claim The legal repercussions of the 9/11 Twin Towers attack continue to resonate - with a dispute appearing in court this month between Aon subsidiary Combined Insurance Company of America and its reinsurers o

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

Agency relationship is at the heart of the dispute London market underwriters and brokers remain at loggerheads over new proposals for charging broker commissions, The Insurance Insider understands, with negotiations set to reach a critical stage in co

City grandee Michael Spencer has joined the board of London market start-up Oxygen Holdings plc, The Insurance Insider can reveal. Spencer, one of the wealthiest men in the City through the success of his company ICAP plc, became a non-executive direct

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