November 2004/3

David Mann, the founder of the eponymous Lloyd’s insurer, is to join the board of the specialist Lloyd’s based Hardy Underwriting Group later this month.

The French insurance market is maintaining its stability despite increased pressure on motor rates and a lacklustre economy, according to a report from rating agency Standard & Poor’s (S&P).

New York attorney general Eliot Spitzer is continuing to broaden his probe into the insurance industry by opening an investigation into products such as finite reinsurance, which can help enhance financial statements.

Florida’s attorney general Charlie Crist became the latest US regulator to open an investigation into alleged bid rigging and insurance commission arrangements last week.

While MMC’s Jeffrey Greenberg and his Marsh Inc colleague Ray Groves were the first two casualties of Spitzer’s assault on practices in the P&C industry, they were followed last week by a wave of sackings among the companies implicated in the attorney gen

In a speech to the London Institute of Insurance last week, Lloyd’s chairman Lord Levene hammered home the importance of business process reform and sound underwriting as he warned that, despite the progress in turning the corporation around, complacency

Analysts and lobbyists hail election result The re-election of George Bush in last week’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 lob

Following last week’s early-announcers, Bermudian and US (re)insurers are continuing to unveil third quarter figures badly damaged by the quartet of hurricanes hitting the Caribbean and Florida in September and October.

Julian Taylor, the Marsh UK employee suspended for allegedly charging unauthorised commissions, has now been dismissed according to the broker.

UK motor insurer Cox Insurance Holdings has received a number of bid approaches, the company confirmed yesterday.

Q3 results ‘raise more questions than answers’, according to analyst More questions have been raised about the accuracy of financial reporting at Canadian holding company Fairfax.

Silverstein looks to be the comeback kid in second round of wordings spat The final bout of the long-running legal dispute over WTC insurance cover made its way into court again last month, with the building’s leaseholder Larry Silverstein again determ