March 2005/3

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

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

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

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

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

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.

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

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

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

Hank Greenberg’s replacement needs to prove the AIG chalice is not poisonous Even an industry legend can only suffer so many regulatory black eyes, and so it proved for American International Group's Maurice "Hank" Greenberg. Greenberg finally thre