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Ex Marsh CEO joins buy-out firm
Private equity giant 3i Group plc has hired a team led by Bruce Carnegie-Brown, the former Marsh executive who left the firm suddenly in May this year.
30 November 2006
Stanford Lloyd's D&O insurers cooperate
The Lloyd's insurers of the directors' and officers' (D&O) policy held by the disgraced Allen Stanford have been compelled to acknowledge coverage.
11 November 2009
Morgan Stanley raises spectre of inadequate reinsurer loss estimates
Analysts at Morgan Stanley have highlighted concerns that (re)insurers have under-estimated their losses from 2005’s unprecedented hurricane season. In a research note released on 13 October, Morgan Stanley analyst William Wilt observed that...
17 October 2005
Court of Appeal restores normality in GoshawK decision
The UK Court of Appeal sent a sigh of relief among London market insurers last week after over-turning last year’s controversial GoshawK vs Tyser decision which ruled brokers were not obliged to produce documents previously shown to underwriters.
13 February 2006
Marketform restructures operations; management reshuffle
Marketform, the Lloyd's insurer majority owned by the US firm Great American Insurance Group, is undertaking a significant reshuffle of its executive operations to improve its "corporate governance".
20 November 2009
HCC earnings on the rise
US insurer HCC Insurance Holdings reported a significant rise in first quarter net profit of 37 percent to $78.6mn, compared to $57.3mn in the prior-year period.
09 May 2006
Plumeri mulls spectacular MMC deal
Crystal ball-gazers of broker M&A activity have long predicted that Joe Plumeri has at least one major deal in him before he steps down at Willis Group and it could prove to be a spectacular one.
17 January 2008
Atrium increases Katrina loss estimates
Atrium Underwriting plc has increased the loss estimates from Hurricane Katrina on its two syndicates from £42.7mn to £52.7mn. The majority of the increase occurred on Syndicate 609 which climbed from £32.8mn to £42.6mn.
24 October 2005
SFO launches AIG probe
The Serious Fraud Office (SFO) has launched a preliminary inquiry into the UK operations of American International Group’s Financial Products Corp (AIGFP).
12 February 2009
Oil sees member slippage
Oil Insurance Ltd has announced that nine of its shareholder members would be departing from the energy mutual at the end of the year.
20 November 2006
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