March 2006/3

The Insurance Insider’s 2006 market survey, in association with Salmon Ltd, will gauge the views of senior industry figures on the competitiveness of the London market at a time of extraordinary flux for the industry. It takes less than five minutes...

But share price suffers as plans for new holding company, FSA insurer and rights issue revealed... Lloyd’s insurer SVB Holdings plc has confirmed a scheme of arrangement to ring-fence past liabilities, with the creation of a new holding company...

Attendees at the ARC Congress were given a stark warning over asbestos liabilities by lawyer David Gross of US firm Saiber Schlesinger Satz & Goldstein. Giving a presentation entitled “Toujour Asbestos: Will we ever be free of it?” Gross gave the...

Axiom Consulting is the latest UK financial services firm planning to cut costs by outsourcing its functions to an offshore firm, The Insurance Insider can reveal. The (re)insurance run-off consultancy – which spun-off from former owner Aon Ltd in...

UK regulator the Financial Services Authority (FSA) has said it regards a healthy run-off sector as an essential part of the insurance market. Speaking at the Association of Run-Off Companies (ARC) Congress on 7 March, Julian Adams, head of...

The last month has seen several developments in the protracted and increasingly acrimonious divorce proceedings between American International Group (AIG) and the company's former chief executive Maurice “Hank” Greenberg.

When, without prompting, Jardine Lloyd Thompson Group plc’s (JLT) new chief executive Dominic Burke volunteered: “I passionately believe in the independence of JLT”, it begged the question: “Who was suggesting otherwise?”

London-based HSBC Insurance Brokers announced a restructuring on 2 March, with the creation of four core divisions reporting to chief executive Mike Dixon. The new structure sees Direct Client Solutions, International Solutions, Intermediary...

Supplementary benefits withdrawn for all but highest earners. Marsh UK is in the process of scrapping its final salary pension scheme for its staff and ceasing supplementary benefits for all but the highest earners, our sister title Insider Week...

The Insurance Insider reports from the World Insurance Forum where the growing interaction between the reinsurance industry and the capital markets was a key subject of debate. Industry leaders gathered at the World Insurance Forum in Bermuda last...

The brokers working to achieve peer-to-peer initiatives with the “gang of six” Lloyd’s underwriters have been revealed as Aon, Benfield, Willis and Marsh. The “gang of six”, or G6, is the breakaway group of powerful insurers which has combined...

In stark contrast with JLT, reinsurance broker Benfield Group impressed analysts early March with a positive outlook on conditions although, as expected, its cost base impacted margins. Group revenue rose 6.8 percent from £303.5mn in 2004 to...