May 2005/6

Rostrum Group, the third largest investor in the Lloyd’s quoted insurance stocks, is winding up its involvement in the sector because of a failure to generate consolidation among the companies.

Marsh Inc may be disposing of its wholesale units less than a year after it swooped for London based operation Prentis Donegan. Last week, following an MMC board meeting, the broking giant confirmed that it was “exploring strategic alternatives”...

Embattled insurance giant American International Group moved a step closer to settling with US regulators over allegations of fraudulent business practices with the filing of a civil lawsuit against the firm and its former management duo Hank Greenberg...

After multiple delays, under-fire insurer AIG has announced today that it has finally filed its 2004 Form 10-K with the Securities and Exchange Commission (SEC). The insurance giant, which was forced to restate its accounts in the wake of the SEC...

Syndicate 33, the Lloyd’s operation managed by Hiscox, today reported unchanged forecasts for the 2003 and 2004 years account. For the 2003 year, the insurer projects a 12.5 to 17.5 percent profit on the Syndicate’s £842mn, 65 percent of which it owns.