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Royal & Sun Alliance to cut over 1500 jobs; shares rise
UK general insurer Royal & Sun Alliance has unveiled plans to cut over 1500 jobs in an efficiency drive that will save the group £130mn in annual costs.
19 June 2006
Greenberg says AIG restatement was "flawed"
Former American International group (AIG) chairman, Maurice "Hank" Greenberg has called the restatement of four years of the firm's earnings was "flawed".
10 July 2006
Pat Ryan wins legal tussle in CRC defections saga
California's reputation as an employee-friendly jurisdiction was affirmed last week when R-T Specialty president and CEO Tim Turner won a ruling from a Los Angeles court that invalidates non-competition clauses in his contract with previous employer CRC, The Insurance Insider can reveal.
18 July 2011
Insurance venture capitalist lists on AIM
BP Marsh & Partners plc, the London-based investor in specialist insurance and other financial services related companies, listed on the Stock Exchange’s Alternative Investment Market last week valuing the company at over £41mn.
06 February 2006
M&A objection suits replace credit crisis litigation
The pace of US federal securities class action lawsuits has been maintained since 2007, with a rise in M&A objection lawsuits offsetting a fall in credit crisis-related litigation
13 December 2012
CEA part B lines up $1.25bn tranche of cover
The California Earthquake Authority (CEA) has lined up the second $1.25bn portion of its 2012 reinsurance programme, according to board meeting materials posted on its website.
12 December 2011
JLT outlines strategy with major restructure
Speculation that UK broker Jardine Lloyd Thompson Group plc was considering a strategy of focussed regional growth was quashed today when the company announced a major restructuring that includes greater integration of its two separately branded wholesale
31 October 2006
Lloyd's heavyweights gang-up following Kinnect demise
Despite the closure of Kinnect, an elite group of Lloyd’s insurers have banded together to drive down trading costs in London. A breakaway group of powerful Lloyd’s insurers has combined with a view to co-operate on areas of mutual benefit...
16 February 2006
Amlin premiums down
Lloyd’s insurer Amlin plc has seen its premium income drop 7 percent so far this year reflecting the softer market conditions.
14 January 2008
Senior Aon Asia exec leaves broker
The head of Aon Market Services for Asia has left the company, Insider Week has learnt.
17 March 2008
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