May 2004/1

As the controversy over PSAs grows - with subpoenas issued to both brokers and insurers - could the actions of US regulators cost MMC and Aon more than $1.5bn? The revelation that New York attorney-general Eliot Spitzer is investigating brokers' use o

Controversial insurer CIC has become embroiled in a fresh scandal relating to an alleged US multimillion dollar employee health care fraud involving participants from both sides of the Atlantic. Last month, Federal Bureau of Investigation officers swoo

Swiss Re, Lloyd's and other insurers released from 'two-event' scenario; minority insurers not bound by WilProp "one-event" wordings; further trial to decide their exposures Insurers the world over breathed a sigh of relief last month when jurors in th

Insurance litigation enthusiasts were treated to the spectacle of another case management conference (CMC) last month to determine timetables for unfinished business relating to film finance exposures. The CMC, held in Court 21 of London's Royal Courts

Guy Carpenter's Adam Fox is set to join fast-expanding London market broker Glencairn Ltd, The Insurance Insider can reveal. Fox, a Guy Carpenter managing director specialising in accident and health reinsurance, resigned from the reinsurance broker ea

Global premium slumps amid rumours of price undercutting Despite public proclamations by leading underwriting figures that all's well in the Aviation Hull War market, evidence suggests that rates are plummeting faster than most are prepared to admit, w

Berkshire Hathaway backed insurer plans listing with veteran figure as chairman. Michael Wade, the founder and chief executive of Lloyd's investment vehicle Rostrum, is set to renew his association with former colleague James Stuart by becoming the non

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

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

Marsh paid downsizing broker HLF Group $53mn for its Australian and New Zealand operations, the latest Securities and Exchange filings of MMC reveal. Marsh's swoop for HLF's Oceanic arm in March 2004 was the latest asset sale by the London headquartere

The benefits of change was a hot topic of discussion last month when leading London based figures got together to debate whether the Market’s entrepreneurialism has anything to fear from the various reform initiatives and regulators in the guise of the F

Despite continuing strong results throughout the Bermudian/US property casualty (p/c) sector, recent pronouncements from insurance stock analysts offer a rather mixed message on investment prospects for the next few years. Morgan Stanley's team of US i