May 2004/1

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

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

On the back of strong reserve building in recent years, the short-fall in US property & casualty reserves has declined to circa $80bn estimates industry analysts Morgan Stanley.

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

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