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There are 68,928 results that match your search.68,928 results
  • MMC bid-rigging class action finally concluded
    A federal judge approved a $69mn settlement in a policyholder class action against Marsh & McLennan (MMC) over an investigation into an alleged nationwide bid-rigging scheme, and separately awarded $19mn in legal fees connected to the case.
    23 February 2009
  • Spencer parts company with Numis Corp
    IPGL Ltd, which is 55.1 per cent-owned by City grandee Michael Spencer, sold its entire 12.18 percent stake in the AIM-quoted UK stockbroker Numis Corporation, last week.
    23 February 2009
  • Ironshore expands with Berkshire Hathaway reinsurance deal
    Ironshore Inc is to grow further into American International Group (AIG) territory with a managing general underwriter (MGU) arrangement for its new environmental unit with Berkshire Hathaway subsidiary National Fire and Marine.
    23 February 2009
  • AIR increases Klaus estimate
    Catastrophe modeling firm AIR Worldwide has increased its French insured loss estimates for winter storm Klaus to between EUR500mn-EUR1bn.
    23 February 2009
  • Australian wildfires cost estimated at $500mn
    The wildfires that raged through Australia earlier this month will lead to insurance losses of at least $505mn (A$790mn), according to estimates.
    23 February 2009
  • Mapfre loses double A rating
    Mapfre became the second (re)insurer to lose a AA- rating status last week after ratings agency Fitch downgraded the Spanish (re)insurer’s core subsidiary insurer financial strength (IFS) rating...
    23 February 2009
  • Florida approves State Farm withdrawal
    Florida's regulators approved State Farm's controversial plan to withdraw from the Sunshine State's property insurance market within two years.
    23 February 2009
  • Platinum scales back cat aggregates
    Bermudian reinsurer Platinum Underwriters posted solid 2008 results last week, which saw it navigate the dual trials of Hurricane Ike and the second half investment meltdown relatively unscathed.
    23 February 2009
  • IAG raises A$450mn; estimates wildfires loss
    Straitened Australian insurer Insurance Australian Group (IAG) has raised $450mn ($287mn) after warning that its first-half profits will be adversely impacted...
    23 February 2009
  • Arch Capital and Montpelier in the red on investments
    (Re)insurers Arch Capital Group and Montpelier Re joined the crowd of Bermudians posting poor fourth quarter 2008 results, as the dire investment conditions took their toll.
    23 February 2009
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