May 2006/1

All eyes will be on the global brokers' first quarter results later this week as concerns grow that Marsh Inc's brokerage revenues may have fallen for yet another quarter. The world's largest broker saw its revenues decline in all four quarters...

The number of private securities litigation cases filed in the US fell to its lowest in almost a decade during 2005. However, the value of settlements more than doubled, according to a report by accountants PricewaterhouseCoopers (PwC).

Aon Corp's former US wholesale arm Swett & Crawford Group has promoted its chief operating officer to succeed David Hartoch as group chief executive.

A year on, and start-up broker Integro Ltd admits it is still a long way from making a profit - but insists that was very much the game plan. The company's founding chief executive Roger Egan remarked last week: "We won't be profitable this year...

Canadian energy company Suncor Energy Inc announced on 25 April it has agreed an $830mn settlement with insurers over business interruption (BI) claims arising from a major fire at its Oilsands facilities in northern Alberta last January.

Bermudian (re)insurer Aspen reported a 13.4 drop in its first quarter post-tax net income after reducing its catastrophe exposures. Post-tax net income was $61.8mn for the quarter, down from $70.1mn in the same period last year.

Bermudian reinsurer Montpelier Re reported a 34.7 percent rise in its first quarter net income, $48.5mn, or $0.54 per share, compared with $36mn, or $0.54 per share, for the same quarter last year. Net income excluding net realised and unrealised...

It is the last chance to join The Insurance Insider, and our illustrious panels of senior reinsurance executives, at two free-to-attend Post-Katrina briefing events in London later this week.

GoshawK Insurance Holdings plc, the UK parent of failed Bermudian reinsurer Rosemont Re, has had its shares suspended with immediate effect today (2 May).

UK regulator the Financial Services Authority (FSA) has fined Lloyd's broker Besso £20,000 for failure to apply for approval of a member of its management who had previous fraud convictions and is alleged to have gone on to commit fraud whilst at the...