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  • It could prove to be a tough year for brokers but Willis Group Holdings Ltd showed last week that it was still able to grow revenues and profits despite falling rates.
  • Swiss giant Zurich Financial Services (ZFS) last Thursday (19 May) reported first quarter net income of $779mn, up 21 percent on the $644mn earned in the comparable period of 2004.
  • ACE shows solid performance Bermudian giant ACE announced a solid set of third quarter results, returning earnings per share (EPS) of $1.04, almost double the same period last year and topping analysts' projections by 2 cents. Income of $304mn was g
  • US broker AmWins has reached an uneasy court-ordered truce with Patrick Ryan's start-up Ryan Specialty Group (RSG) and its new wholesale broking arm R-T Specialty over litigation sparked by a defecting broker
  • Lloyd’s opens Brazil office; Mitsui Sumitomo branches out to Eastern Europe; Beazley completes acquisition of First State...
  • Ironshore has continued strong top-line growth momentum this year after solid 2012 results that included a 17 percent increase in gross written premium (GWP), driven by its international division and improving pricing across the majority of its business.
  • XL D&O dispute heads for court; ALAS settles with reinsurers The acrimonious dispute between reinsurance broker RK Carvill and its former client XL Professional Liability over its disputed D&O treaties is set for an October 2005 show-down.
  • Texas Governor Rick Perry has signed into law a bill (HB 4409) for restructuring the state's windstorm insurance fund, the Texas Windstorm Insurance Association (TWIA), and axing its $1.5bn reinsurance programme.
  • American International Group (AIG)’s up-to-$4.8bn sale of its plane-leasing business is back on track as it announced today (5 June) it had received a deposit for the deal from a Chinese consortium.
  • Convergence stalwart Hannover Re has successfully completed a EUR100mn embedded value life transaction, proving that the foundering life securitisation market still has a pulse.