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MMC blames Marsh for poor performance
Marsh & McLennan Companies, Inc (MMC) roundly disappointed analysts and investors with a slump in third quarter profits from continuing operations to $80mn compared to $130mn in the prior-year period.
09 November 2007
Insurers face new commissions squeeze
The first steps may have been tentative. But, in the past two months, London market and European insurers have been confronted by a quick fire succession of demands for additional commissions from brokers.
09 November 2007
Legal Briefings
Our monthly column keeping a check on US and EU legal and regulatory developments, in association with Sidley Austin LLP
09 November 2007
London reinsurers lose North Korean appeal
London market reinsurers led by Allianz have had their appeal dismissed against the striking out of significant parts of their defence in the controversial EUR44.3mn dispute with the North Korean national insurer.
09 November 2007
Bank of Ireland in EUR400mn life securitisation
Bank of Ireland Life has securitised EUR400mn of value-in-force (VIF) life insurance policies in the first rated European VIF transaction for almost three years.
09 November 2007
Pipeline profits fuel Bermudians
It was a familiar tale as Bermuda's (re)insurance community booked third quarter figures that set strong profits from two years of benign underwriting conditions against a backdrop of falling rates and a less positive outlook for the sector.
09 November 2007
Game of sub-prime 'Where's Wally?'
A new wave of fear gripped Wall Street this week, symbolised by the sub-prime related exposures of the monoline credit insurers to a new credit crisis, dubbed "Version 2.0" by industry insiders.
09 November 2007
Moran lands at HSBC
Michael Moran, the aviation broker who is at the centre of a controversial poaching dispute between Marsh Ltd and Willis Group Holdings, has resurfaced at HSBC Insurance Brokers.
09 November 2007
Gallagher launches 'boutique' energy subsidiary
AJ Gallagher International's (AJGI) new onshore/offshore energy and utility broking subsidiary is set to begin operations in the New Year.
09 November 2007
M&A winds sweep through Lime Street with Beaufort deal
Beaufort became the fourth independent Lloyd's insurer to sell this year as interest in One Lime Street remains sky high.
09 November 2007
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