March 2005/3

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

Despite closing the 2002-year of account on its Syndicate 1200 with a 38 percent profit on capacity, claiming the third best result in the market, listed Lloyd's managing agency Heritage has been forced to leave the year open on Syndicate 1245 due to unce

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

The widening scope of schemes of arrangement was extended further last month as a Canadian court upheld its approval of a scheme promoted by run-off manager Cavell, despite last minute attempts to derail the process by Canadian policyholders.

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.

Potential new addition to quoted Lloyd's company sector Lloyd's insurer Omega Underwriting Holdings Ltd is planning an IPO, two years after it postponed a possible flotation, in a bid to build a platform to grow its permanent capital base and provide g

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

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.

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

Spitzer pursues a 'bottom upwards' strategy with bid-rigging investigations Kathryn Winter, a former Marsh managing director, became the 10th member of the US property & casualty industry to plead guilty to a criminal charge in connection with the New

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

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