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Towergate founder calls for greater transparency
Broker commission transparency is "inevitable", according to Peter Cullum, the founding chairman of Towergate Partnership, yet he insisted the London market needs to eradicate major inefficiencies in order to compete in the long-term.
29 May 2007
RMS to launch parametric indices for trading risk
Risk modelling firm Risk Management Services (RMS) is launching a series of natural catastrophe indices for US wind and quake, and European windstorm under the banner Paradex.
14 January 2008
Commission debate reignited by additional commission levies
In a special three-page report, The Insurance Insider has a comprehensive analysis of the various initiatives being deployed by brokers to raise revenues in the soft market
06 December 2007
Marsh drags MMC profits
Marsh & McLennan Companies (MMC), the parent of world’s largest broker Marsh, today (3 May) reported first quarter net income of $134mn, or $0.25 a share, well down on the $446mn or $0.83 a share booked in the first three months of 2004.
03 May 2005
Energy market continues to soften
Increased capacity and low losses are combining to soften the energy market, according to a report published by Willis Group Holdings.
11 June 2007
Net profit down at Talbot
Net profit at Lloyd's insurer Talbot Holdings Ltd Syndicate 1183 has fallen by around £8mn for 2007 despite an 81 percent investment income hike and steady gross written premiums.
31 March 2008
Navigant set to close (re)insurance service line
In a key example of the challenges service providers have been posed by the global economic downturn, Navigant Consulting's (re)insurance service line is set to be discontinued in the coming months.
24 November 2009
Solid start for Europeans says Benfield
European reinsurers enjoyed a "solid start" in the first quarter of 2006, underlined by underwriting profits, stronger capitalisation and stable ratings, according to a report from reinsurance broker Benfield.
26 June 2006
Berkshire Hathaway back to asbestos in mammoth deal
Today's (20 October) $7bn deal between Equitas and Berkshire Hathaway lays a framework for reinsured Names and Lloyd's to achieve finality for pre-1993 liabilities and, if completed, nearly doubles the assets available to the run-off vehicle.
20 October 2006
Fortress says Alea bid unconditional
New York-based hedge fund Fortress Investment Group’s offer to buy defunct run-off insurer Alea Group Holdings Ltd was declared unconditional on 5 July.
12 July 2007
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