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Total JLT-Willis specie settlement was $40mn

Willis Towers Watson CFO Roger Millay has said the settlement the company made with rival broker JLT over a poaching dispute totalled $40mn.

Matthew Neill, 09 May 2016
XL Catlin melts down Alloy Re

XL Catlin has dropped plans to launch total return reinsurer Alloy Re with alternative fund manager Oaktree, The Insurance Insider can reveal.

Adam McNestrie, 09 May 2016
JLT specie settlement totalled $40mn: Willis

Willis Towers Watson CFO Roger Millay has said the settlement the company made with rival broker JLT over a recent poaching dispute totalled $40mn.

Matthew Neill, 09 May 2016
Weak insurance profits hit Berkshire Hathaway

Warren Buffett's conglomerate Berkshire Hathaway last week (6 May) reported operating earnings of $3.74bn in the first quarter, an 11.9 percent fall on the same period of 2015

Charlie Thomas, 09 May 2016
AIG completes Advisor Group sale

American International Group (AIG) has completed the sale of Advisor Group to private equity firm Lightyear Capital and Canadian pension investment manager PSP Investments

Catrin Shi, 09 May 2016
Munich Re: P&C premium growth to hit 4% to 2017

Global premium growth for the P&C industry is expected to average 4 percent in the next two years, according to Munich Re

Catrin Shi, 09 May 2016
Lloyd’s chairman Nelson confirms exit

Lloyd's chairman John Nelson told guests at a Lloyd's City Dinner in New York last night (5 May) that he will relinquish the role after the market's annual general meeting in May next year

Adam McNestrie, 06 May 2016
Greenberg: US expansion ‘a double-edged sword’

Chubb CEO Evan Greenberg has warned insurers about the potential pitfalls of rapid growth in the North American commercial market, despite the opportunities afforded by several large players drawing back

Matthew Neill, 06 May 2016
JLT Re expands into US mortgage business

JLT Re has launched JLT Re Global Mortgage Solutions, a North American mortgage (re)insurance business

Catrin Shi, 06 May 2016
Organic revenue drops 3% at Willis unit

Organic revenues in the legacy Willis Capital, Wholesale and Reinsurance (WCWR) segment at Willis Towers Watson declined 3 percent in the first quarter to $331mn, primarily due to the departure of Willis's fine art, jewellery and specie team

Catrin Shi, 06 May 2016

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