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BMS and CJ Coleman set for High Court showdown
BMS Group is set for a High Court showdown with CJ Coleman this week over the departure of the former managing director of its BMS Harris & Dixon Ltd subsidiary and a team to the rival London market broker earlier this year.
17 November 2008
AIG tackles defection fears with $500mn compensation boost
American International Group (AIG) has cancelled its deferred compensation programmes as it looks to remove incentives for staff to leave.
17 November 2008
Transatlantic chief: AIG re-finance takes urgency out of asset sales
Transatlantic Re’s President Robert Orlich welcomed American International Group’s (AIG) revised loan terms with the Federal Reserve as giving the insurance giant “more time to ensure that the right decisions are made...
17 November 2008
Lloyd's syndicate in run-off as suitors wane
Troubled Australian insurance group IAG has confirmed it is placing its Singapore-based Lloyd's Syndicate 4455 into run-off and will also close its London-based Lloyd's managing agent Diagonal.
17 November 2008
MMC in Kroll double spin-off
Marsh & McLennan (MMC) has spun off its London-based restructuring and European corporate advisory business in two management buy-outs (MBOs) in a move which will see the majority of Kroll’s team join Zolfo Cooper Europe.
17 November 2008
JLT cautious on market turn
UK-listed broker Jardine Lloyd Thompson Group plc (JLT) went against the grain of bullish Lloyd’s-based (re)insurers predicting a definitive turn in the market (see articles 2 and 12), stating it has not yet...
17 November 2008
Zurich Q3 profits plummets; suspends share buyback
Zurich Financial Services Group (ZFS) Q3 profits slumped 90 percent as heavy investment losses combined with the impact of hurricanes Gustav and Ike pounded the bottom line.
17 November 2008
California wildfires threaten further heavy catastrophe losses
(Re)insurers face the possibility of significant losses from three separate wildfires that have already destroyed hundreds of properties in southern California.
17 November 2008
Xchanging bullish with (re)insurance wins
Outsourcing specialist Xchanging has said that revenue growth during the four months ending 31 October has been "slightly ahead" of the board's expectations in a bullish interim management.
17 November 2008
WR Berkley swoops for Norwegian insurer
Expansive US insurer WR Berkley is set to buy NEMI Forsikring ASA after signing a letter of intent to acquire the Norway-based speciality lines insurer.
17 November 2008
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