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MMC CFO leaves for Google
Marsh & McLennan (MMC) CFO and executive vice president Vanessa Wittman has resigned to take up a senior role at Google in late March
05 March 2012
Xchanging keen for successful London modernisation, says CEO
Xchanging would be mad to do anything other than support the modernisation of Lloyd's and the London market, CEO Ken Lever has said
05 March 2012
Travelers escapes $500mn asbestos claim payout
A New York court has reversed an order for Travelers to pay over $500mn in claims from a complex asbestos case dating back decades.
05 March 2012
Chilton steps down from Aon Benfield
Grahame Chilton has stepped down from his role as non-executive chairman of Aon Benfield and will become the non-executive chairman of Aon Holdings Ltd, the new holding company of Aon Corp.
05 March 2012
BP reaches $7.8bn settlement agreement
BP's share price climbed by around 2 percent in early trading this morning (5 March) on news of a $7.8bn settlement with individuals and businesses affected by the 2010 Deepwater Horizon incident
05 March 2012
£500mn cat bill puts Amlin in the red for 2011
Amlin's heavy weighting towards international catastrophe business led to a £501mn cat bill for 2011, dragging the Lloyd's (re)insurer to a full-year pre-tax loss of £193.8mn - down from a profit of £259.2mn a year earlier
05 March 2012
R&Q shares up on positive 2011 trading
The peculiarities of (re)insurance accounting were highlighted this morning (5 March) when Randall & Quilter (R&Q) revealed that its 2011 results would be at the top end of expectations and that it was obliged to write-down goodwill in its US Brandywine operations
05 March 2012
Deadly tornado wave unlikely to match 2011 outbreaks for insured losses
As loss adjusters assess the damage from last week's deadly burst of tornadoes in the Midwest, early suggestions are that insured losses will not match the magnitude of the multiple billion dollar claims that several outbreaks each spawned in the US last year. 0
05 March 2012
Arch acquires Ariel Re’s Zurich credit and surety business
Arch Re Europe - a subsidiary of Arch Capital - has acquired Ariel Re's orphaned credit and surety reinsurance business.
03 March 2012
Thai catastrophe no longer a ‘remote’ risk – S&P
The huge bill for the international (re)insurance community from the Thailand floods in 2011 means the country can no longer be deemed a remote catastrophe zone, Standard & Poor's has said
02 March 2012
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