November 2007/2

Allianz continued its strategic stake-building in the UK distribution chain this month, with confirmation that it has acquired a 10 percent minority share of Yorkshire-based broker The Oval Group, as predicted by The Insurance Insider in September.

Marsh & McLennan Companies, Inc (MMC) roundly disappointed analysts and investors with a slump in third quarter profits from continuing operations to $80mn compared to $130mn in the prior-year period.