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More light shed on 2008 Quinn Insurance fines
Media reports have provided fresh background on the EUR3.25mn fine imposed by the Irish financial regulator on compatriot insurer Quinn Insurance (QIL) in 2008.
10 February 2010
Acquisitive Marsh picks up another agency
In the latest of a series of acquisitions designed to build up a nationwide US insurance agency business, Marsh has acquired Haake Companies through its subsidiary Marsh & McLennan Agency.
10 February 2010
Obama 2011 budget looks for tax and terror clawbacks
The 2011 US budget, published at the beginning of the month, includes proposals to disallow tax deductions for excess reinsurance premiums paid to affiliates offshore, as well as...
10 February 2010
Starr shines in Asia with A rating
CV Starr has received an A (excellent) rating for Starr International Asia - its Hong Kong based start-up insurer.
10 February 2010
Liberty takes Aspen to court
The distinguished list of high-profile staff poaching disputes in the fac market can add Boston-based Liberty Mutual and its recent legal proceeding against Bermudian rival Aspen Insurance Holdings.
10 February 2010
Revenue up but organic growth slides at AJ Gallagher
US broker AJ Gallagher saw its fourth quarter net earnings rise to $16.8mn from $4.7mn in Q4, but undershot analyst estimates as organic growth proved sluggish.
10 February 2010
Willis sees 2% organic growth in ‘momentous’ year
Willis Group has reported 2 percent organic growth in brokerage in its full-year 2009 results.
10 February 2010
Poor UK showing drags on Aon results
Aon's UK operation was the standout poor performer in the group's full-year 2009 results - posting negative organic growth of 6 percent - as global results put overall organic revenues down 1 percent.
10 February 2010
Assurant profits plunge after writedowns
US insurer Assurant's fourth quarter net income dropped 93 percent to $11.9mn, compared to $182.4mn in Q408, after it was hit by goodwill writedowns and losses in its struggling health unit.
10 February 2010
White Mountains poised to restart share buybacks as results improve
White Mountains intends to restart its share repurchase programme after turning around 2008's disappointing results and beating many analyst forecasts for last year.
10 February 2010
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