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D&O costs surge for financial institutions
Directors’ and officers’ (D&O) rates for financial institutions have surged as the impact of the sub-prime crisis takes grip, according to new research.
27 February 2008
Lloyd's 'better positioned' to weather soft market conditions
Lloyd's is "better positioned" to weather the current insurance cycle thanks to recent initiatives to shore up capital and limit pressure on the central fund, according to rating agency Moody's.
21 July 2008
Marsh UK unveils new 'business model'; a further 750 jobs at risk
Marsh UK has published details of its new “model” designed to show greater transparency of its revenue structures after it abolished the controversial Placement Service Agreements (PSAs) last year. The broker says it has the agreement in principle fro
11 April 2005
Equitas doubts remain after £296mn asbestos reserve boost
Charge signals further hits for industry, while doubts remain over run-off reinsurer’s health Equitas announced its annual results for the year ended 31 March 2004 last Tuesday (8 June), revealing a £296mn increase in gross discounted reserves for asb
14 June 2004
Chubb leads AIG $200mn D&O programme
A lawsuit from a US pension fund filed last week against American International Group Inc (AIG) and a number of its directors - including recently deposed CEO Robert Willumstad...
22 September 2008
Aon streamlines captive arm
Aon Global Insurance Managers, a division of Aon Corporation responsible for captive management, has announced a shake-up of its leadership structure by streamlining its existing set-up into three separate hubs.
17 August 2009
QBE earnings up on underwriting
Strong underwriting performance boosted overall profits at Australian insurer QBE Insurance Group during the first half of 2008.
22 August 2008
IAG slumps to loss on UK write-downs
Troubled Australian insurer Insurance Australia Group Ltd (IAG) has slumped to a A$261mn loss after taking a A$350mn charge in relation to the impairment of its UK assets.
22 August 2008
AJ Gallagher buys Heath Lambert wholesale unit
Arthur J Gallagher International has acquired the Global Business Solutions (GBS) wholesale business from Heath Lambert, The Insurance Insider can reveal.
12 June 2008
XL buys $240mn D&O back-up facility
XL Capital has moved to reassure its professional lines clients by teaming up with National Indemnity Company (NIC) to back-up its Side A directors' and officers' (D&O) policies in the event that the Bermudian firm goes bust.
15 June 2009
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