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MMC Duperreault hire dilutes Willis bid talk
The arrival of Brian Duperreault at the helm of Marsh & McLennan Cos (MMC) has reduced the likelihood of an imminent takeover bid by Willis Group Holdings, reflected in the rising share price at the smaller broker following the news.
30 January 2008
QBE Limit acts over alleged bond fraud
QBE Limit and Amalfi Underwriting Ltd, together with Markel International, are set to take broker Surety Guarantee Consultants Ltd (SGC) to the High Court alleging fraud in connection with construction bonds it issued as a coverholder.
09 March 2007
Marsh: Insurance rate rises flatten in Q3
After improving for three consecutive quarters, renewal rates across a number of lines of global commercial business flattened off in the third quarter
05 October 2012
AIG gets double legal boost
Beleaguered insurer American International Group (AIG) has seen favourable developments in two of the lawsuits arising from the explosion of its credit default swap (CDS) book in 2008.
09 April 2010
Richardson to collect bumper Aon package
Elliot Richardson, the new head of Aon’s facultative reinsurance division, was tempted away from rival Benfield Group by a bumper remuneration package of up to £1mn, according to market sources.
23 October 2006
RK Harrison loses hotel group account to Aon
RK Harrison, the independent London Market broker, has been hit by the loss of a major North American account to Aon Ltd.
24 September 2007
Hiscox heads for Bermuda
Lloyd’s insurer Hiscox plc revealed today (11 September) that it is relocating its headquearters from London to Bermuda.
11 September 2006
HCC parts with founder following options probe; shares fall
Stephen Way has become the latest "A list" US insurance executive to suddenly resign from his company following regulatory scrutiny into its activities.
20 November 2006
Max Capital shrugs off "meritless" lawsuit, but Validus raises stakes again in IPC battle
Bermudian reinsurer Max Capital has labelled a legal challenge to its merger agreement with IPC Holdings "meritless" and "nothing more than another attempt by Validus to distract investors".
01 May 2009
Swiss Re replaces CFO
Swiss Re, the world’s largest reinsurer, announced another change to its senior management team last week with the departure of its veteran chief financial officer Anne Godbehere.
18 December 2006
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