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  • Controversial film financier Flashpoint calls in administrators and admits to misusing insurers’ monies. S&P react with largest single downgrade of a European bond
  • Lloyd's has taken measures to ease the passage of brokers wishing to access the market as it continues to execute its rolling three-year strategy of delivering the "platform of choice".
  • Investors reacted positively to Aon's news last week that it is to impose a fresh restructuring that will lead to the loss of 2,700 jobs, the equivalent of 6 percent of its global workforce.
  • Towergate has very effectively managed its tight-knit relationship with a small panel of insurers, including Royal & Sun Alliance, AXA and Norwich Union, and its control over a vast amount of SME business...
  • After just two years of trading, Catlin's bid to become the Direct Line of commercial SME business through its cover holder Brighter Business Ltd has ended and the company is now in run-off, The Insurance Insider has learnt.
  • Marsh & McLennan Companies, Inc (MMC) roundly disappointed analysts and investors with a slump in third quarter profits from continuing operations to $80mn compared to $130mn in the prior-year period.
  • Newly Swiss-domiciled (re)insurer ACE Ltd has avoided the third quarter net losses posted by a number of its peers, but nevertheless saw its net income decimated by net realised investment losses and catastrophes as it plummeted 92 percent to $54mn.
  • Insurers have closed more than 70 percent of Superstorm Sandy claims, according to the latest report card issued by New York State...
  • Jim Summers, who resigned earlier this week as CEO of Cooper Gay's UK business, is bound for reinsurance broker Guy Carpenter, The Insurance Insider can reveal.
  • Jim Summers, who resigned earlier this week as CEO of Cooper Gay's UK business, is bound for reinsurance broker Guy Carpenter, The Insurance Insider can reveal.