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Aon agrees $10.5mn overtime settlement
Aon has agreed a $10.5mn settlement with current and former employees who accused the broker of denying them overtime payments
07 July 2011
ExxonMobil ordered to pay punitive damages for Maryland spill
ExxonMobil could be facing a $1bn+ legal payout after a Maryland jury ordered the oil major to pay punitive damages to the victims of a gasoline spill in 2006
07 July 2011
Ex-Marsh pair accuse former employer of colluding with Spitzer
Global broker Marsh colluded with former New York attorney general Elliot Spitzer to make scapegoats of two former employees and avoid a criminal prosecution, papers lodged in a US court on 24 June allege
07 July 2011
Apollo and CVC complete syndication of Brit equity
Private equity houses Apollo and CVC have completed the exercise to syndicate the ownership of Brit Insurance
07 July 2011
Justice Jackson targets end to ‘absurd’ referral fees
Lord Justice Jackson is continuing to urge the UK government to ban the "absurd" practice of charging referral fees in litigation
07 July 2011
Aviva continues London market push
Three months after The Insurance Insider revealed that Aviva was returning to the London market after an 11-year absence, further evidence has emerged of the inroads made by the UK's largest insurer
07 July 2011
Tough entry policy and drive for scale still fuel Lloyd’s M&A
Until Apollo's interest in Lloyd's insurer Brit was made public a year ago, there was little more than a smattering of interest in Lime Street M&A
07 July 2011
Lloyd’s threatens Solvency II laggards with penalties
Lloyd's said it will restrict the amount of business managing agents can write if they are not on track to meet the Society's Solvency II compliance deadlines
07 July 2011
UK firms warned to expect more intrusion
UK firms were warned to expect an even more intrusive regulator when the current Financial Services Authority is split into the government's proposed "twin peaks" approach
07 July 2011
Solvency II timetable drifts as soft launch wins implementation debate
The growing expectation that Solvency II would be a "soft launch" (or "transition", in European regulator speak) was effectively confirmed in the past month with a raft of statements from regulators and political executives
07 July 2011
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