November 2004/1

MMC’s difficulties extend overseas with financial irregularities in Marsh Ireland and the sacking of a senior employee in Marsh Ltd for “misconduct” Marsh's Irish subsidiary Marsh Ireland has revealed that it has a EUR6.7mn hole in its accounts - more

Lloyd's insurer Kiln has reversed plans to withdraw its full participation on property catastrophe reinsurance Syndicate 557 following negotiations with Members' Agents. The Syndicate, which is de-empting for 2005 by nine percent on its 2004 stamp capa

The re-election of George Bush in this month's presidential elections will give added impetus to efforts to extend the Terrorism Risk Insurance Act (TRIA) in 2005, according to Charles Landgraf, a leading lobbyist for TRIA extension with law firm LeBoeuf,

Marsh UK sacking 'tip of the iceberg'? Last year, UK Broker Heath Lambert lost a lucrative reinsurance account with the Australian Federal government after it admitted receiving "unauthorized commissions". It was an offence apparently similar to th

MMC to lose thousands of staff In late September, senior Marsh executives from the broker's executive liability arm FINPRO met at a restaurant in New York to be told the broker would be making over a thousand redundancies which would include losses fro

Evidence suggests the cumulative effect of the US storms may reach $30bn Foresight is something the global reinsurance industry would love to possess but, in the absence of catastrophe astrologers, it has to rely on more conventional methods, such as c

Lloyd's insurer Wellington has outsourced its procurement of external professional advisors to back-office specialist Xchanging.

SEC and Department of Justice launch separate, renewed investigations into PNC and Brightpoint transactions; PR firm slammed for 'Talking Heads' ruse... Fresh from fending off accusations of PSA-related bid-rigging and fraud, world's largest insurer AI

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.

Spectrum talks break down, BRIT in the frame After publicly stating dissatisfaction with the performance of personal lines business at its Lloyd's operation, The Insurance Insider understands that giant US insurer St Paul Travelers has been talking wit

David Schiff looks at financial strength... Insurance stocks are not as richly priced as they were in 1998, when investors and insurance-company CEOs alike seemed to believe that an insurance-company charter guaranteed a fifteen-percent return on equit