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WTC rebuild set for expensive overrun
The rebuilding of the World Trade Center site that was devastated in the 9/11 terrorist attacks will not be completed until the middle of the next decade and may run up to $3bn over budget, according to reports.
30 June 2008
Jardine reappointed LMA chief
Paul Jardine, COO of Catlin Group, has been returned as chairman of the Lloyd’s Market Association (LMA).
30 June 2008
QBE appoints new Americas CFO
QBE Insurance Group has announced the appointment of Chris Fish as CFO for its Americas division.
30 June 2008
Bermuda insurers see little sub-prime impact, says regulator
Bermuda's financial services sector has seen little fall-out from the US sub-prime meltdown as the island's regulator released its annual report.
30 June 2008
Aon launches Dubai M&A operation
Aon Risk Services has launched a mergers & acquisitions (M&A) service for private equity, sovereign funds, business-to-business, real estate and infrastructure funds based in its Dubai office.
30 June 2008
KPMG hit by Independent Insurance fine
The auditors of failed UK insurer Independent Insurance have been fined £500,000 and ordered to pay costs of £1.15mn by the UK accountancy watchdog after a tribunal found the firm's conduct "seriously below the appropriate standard".
30 June 2008
Enstar in $100mn secondary offering
Acquisitive run-off specialist Enstar Group Ltd has announced plans to raise around $105mn with a new public share issue.
30 June 2008
UK report calls for action on flood threat
The risk of flooding in the UK will continue to escalate unless the government improves the resilience of flood-prone areas, according to an independent review of last summer's UK floods.
30 June 2008
Challenging year ahead, says Swiss Re
Despite a "good year for the insurance industry" in 2007, the non-life sector faces considerable challenges, according to Swiss Re.
30 June 2008
Capita completes giant broker outsourcing deal
As predicted by The Insurance Insider last week, Capita Group plc and Marsh UK finalised their 10-year outsourcing deal, worth £187mn, that will see around 600 staff transfer to the outsourcing firm.
30 June 2008
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