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  • Oxygen Holdings plc, the London market intermediary backed by high profile figures such as ICAP founder Michael Spencer and former Marsh president Bob Clements, has continued the expansion of its broking operation with the acquisition of the business of S
  • RK Harrison Insurance Brokers Ltd, the independent London market brokers, will appoint the former Jardine Lloyd Thompson Group executive Dominic Collins to replace its retiring executive chairman, Richard Corfield.
  • Lloyd’s insurer Kiln appointed Keith Land as CEO of its newly formed Kiln Asia operation on 23 November.
  • 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
  • Analysts have branded RSA's ambitious £5bn all-cash bid for the non-life operations of Aviva as "very low" and "puzzling", suggesting it could be a tactical ploy prior to a friendly merger.
  • $20bn wiped off AIG in one day; other insurers and brokers, as yet formally unrelated to investigation, see price declines as investors tar industry with the same brush Tens of billions of dollars were wiped off insurance stocks last week as investors,
  • First quarter results from the big three brokers met with a mixed response, as Aon and Willis found favour for growing revenues and profits, while Marsh & McLennan Companies, Inc (MMC) traded down on sluggish results.
  • Aon UK confirmed last week that it is to follow rival MMC in reducing its headcount with a major restructuring of its Risk Services and Specialty divisions. As revealed by Insider Week on 26 September, the broker is to place its employees into...
  • US insurer CNA Financial Corp has scaled back its London Market operations further as its Global Resource Managers operation has stopped offering third-party services with the departure of its audit & consultancy team.
  • Kiln plc has become the latest Lloyd’s company to announce plans to redomicile in Bermuda and launch an insurer on the island.