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March 2005/5

  • Bermudian giant ACE is looking to increase its activity in the emerging markets of Eastern Europe, with the news last Thursday (24 March) that it has received regulatory approval to begin underwriting commercial property casualty business out of its Polis
  • The long awaited conclusions of the European Commission’s (EC) probe into alleged anti-competitive practices employed by aviation insurers in the aftermath of 9/11 were revealed last week along with a series of binding reforms to “promote competition and
  • BP’s strategy of self-insurance will ensure that the liabilities arising from the deadly explosion at its Texan oil refinery last week remain largely with the oil giant.
  • Senior Marsh executives Peter F. Garvey and William A. Malloy are not the closest of friends – indeed their relationship is such that eyebrows were raised among Marsh insiders when they were promoted, amidst the maelstrom unleashed by Spitzer last year, t
  • French reinsurer SCOR looks to have put the difficulties of 2003 behind it as it reported a return to profitability last week (24 March) and earned an upgrade from Fitch Ratings – despite record natural catastrophe losses in 2004 and a fourth quarter rese