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  • The morale of the London market - which has come up second best against Bermuda in the post 11 September capital raising stakes - was improved with the announced £139mn AIM float of Professional Risk Insurance Ltd.
  • Jeff Greenberg, the former MMC chief executive, has recruited a senior management team to lead his new $1bn+ Bermudian (re)insurer, Insider Week can exclusively reveal. George Reeth, the former president of Willis’ North America operations, and...
  • Aon's announcement that it will have the ability to trade electronically across all its London market lines of business by the end of the year marks a "huge cultural shift", according to the driving force behind process reform at the broker.
  • The New York attorney-general’s extraordinary allegations of bid-rigging at Marsh - and some of the world’s largest P&C insurance companies - have stunned the industry.
  • After several weeks of indifferent news, troubled Swiss reinsurer Converium received welcome boosts from ratings agencies Standard & Poor's and Fitch, who both upgraded the reinsurer a notch on the strength of its successful $420mn right issue.
  • Professional Indemnity veteran Reg Brown has retired from the board of Lloyd’s insurer Kiln plc with immediate effect. In an announcement to the London Stock Exchange today, Kiln’s chairman Nick Cosh explained: “Some months ago Reg indicated his wish..
  • Some of AIG’s “independent” directors have had unusual financial relationships with AIG or its affiliates, and may not be as independent as they appear to be. AIG’s failure to disclose these relationships to its shareholders raises questions about the com
  • There was increased speculation over the weekend that the UK’s second largest domestic non-life insurer, Royal & Sun Alliance (R&SA), will launch a rights issue later this week.
  • Lloyd’s have appointed veteran reinsurance underwriter Bryan Kellett to represent its interests in the forthcoming Central Fund reinsurance arbitration dispute against Swiss Re.
  • Aon, the world’s second largest insurance broker, saw its net income fall by nearly 10 percent in Q3 2003 on the back of losses at its discontinued automobile finance servicing business, according to its results published last week.