October 2004/4

Risk-based capital allocation models and better risk modelling techniques, together with improved underwriting discipline, have put the London market in a better position than ever before to counter the destabilising effects of the underwriting cycle, acc

Dutch-based insurer ING Group today (18 October) announced that it is exiting its individual life reinsurance business in the US as it continues its strategy to focus on core business, and has signed a co-insurance agreement with Scottish Re to take on th

Fearsome foursome hit bottom line but Market still on track for estimated £1bn profit in 2004 Lloyd's this week confirmed that it was estimating a net loss of £1.3bn as a result of the four hurricanes to make US landfall this season.

Marsh has submitted to Eliot Spitzer’s shock 14 October allegations of price-fixing by replacing its chief executive Ray Groves and revealing that it will no longer charge insurers contingent commissions, often known as Placement Service Agreements (PSAs)

As predicted by Insider Week two weeks ago (see Insider Week No.142), the campaigning New York attorney-general Eliot Spitzer is suing Marsh over its long-established practice of charging insurers commissions in return for placing business with

Marsh joins parent on negative outlook Rating agencies have reacted to the furore surrounding Spitzer’s PSA investigation by placing MMC’s credit ratings, the parent of implicated broker Marsh, on negative outlook.