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Willis profits down 30 percent for 2005
Broker Willis reported profits of $300mn for 2005, down 30 percent from $427mn the previous year on higher costs and the loss of so-called Placement Service Agreements, or contingent commissions.
13 February 2006
Chubb Q1 income climbs despite $344mn cat hit
US insurer Chubb saw first quarter net income rise 36 percent to $464mn, despite sustaining a $344mn pre-tax catastrophe hit compared with $26mn over the same period last year.
23 April 2010
Freshfields report: Marsh Ltd’s clients were steered but not prejudiced
All leave had been cancelled for Marsh Ltd’s London brokers at the end of last week as the firm steeled itself for the results of the investigation into its London market practices, but in the end the Freshfields Bruckhaus Deringer-produced 12-page report
06 December 2004
Munich Re EUR2.7bn record profit driven by investment gains
Reinsurer considers share buybacks as capital surplus grows Strong investment performance enabled German giant Munich Re to shrug off it...
16 March 2006
Reserve buffers could accelerate cycle, say analysts
A number of (re)insurers are growing significant reserve redundancies, potentially using them to support margins and returns as the market softens, according to research by analysts at Morgan Stanley.
09 October 2006
Aon to step down from Indonesian energy accounts following corruption allegations
Brokers are becoming embroiled in the West’s growing scrutiny over overseas business standards
10 March 2008
Pru gets approved for Hong Kong listing; seeks Singapore approval
UK life insurer Prudential has been approved for a primary listing by the Hong Kong exchange, say reports citing sources close to the situation.
22 April 2010
Mixed results for big three brokers
It was a mixed bag as the big three global brokers announced their third-quarter results. Although Aon’s net income was unchanged from 2004 at $122mn it was below analysts forecasts.
04 November 2005
IAG in UK motor crash
Motor underwriter Equity's Syndicate 218 could lose almost £200mn on its 2008 and 2009 years of account after a dramatic deterioration in its claims experience.
04 June 2010
London News Digest - May 2005
In our regular monthly News Digest, we round up key stories from the last month, presenting them to you in easily digestable snippets.
13 May 2005
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