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Colemont acquires Brazilian broker
Colemont Global Group, the international arm of US wholesaler Colemont Corporation, announced the acquisition of a majority share in a leading Brazilian aviation broker last week.
01 October 2007
Court dismisses major US RICO suit
A class action bid-rigging suit against a number of commercial insurers and brokers has failed to show the industry players were guilty of fraud under federal racketeering statutes or that they violated federal anti-trust laws...
01 October 2007
Lloyd's continues reform hires
Lloyd's has continued its recruitment drive to push process reform with the hiring of Anne Rannie from UK (re)insurer Hiscox Ltd.
01 October 2007
More reserve releases in the pipeline as Lloyd's unveils £1.81bn profit
Lloyd's interim results reflected the strong performance of insurers underwriting in the marketplace as well as warnings of widely softening market conditions.
01 October 2007
Industry giants lock horns over Bermuda tax advantages
The debate last week over whether to end the "unfair advantage" enjoyed by Bermudians using US affiliates over American-domiciled rivals ended in a "stalemate", according to analysts at Morgan Stanley.
01 October 2007
EC hints at end to contingent commissions
The European Commission (EC) may call for an end to the practice of contingent commissions in its long-awaited final report into business insurance.
01 October 2007
Marsh looks outside for CEO role with reshuffle
Marsh and McLennan Cos (MMC) effectively ruled out the immediate elevation of executive Phil Moyles as the next leader of its broking business, Marsh Inc, with a reshuffle of its senior executives last week.
01 October 2007
Goshawk bounces back to profit
Failed (re)insurer Goshawk Insurance Holdings PLC has announced post-tax profits for the first half of 2007 of $1.7mn up from the $2.6mn loss it reported for the same period last year.
01 October 2007
Tawa 'on track' after IPO
The first set of results since its initial public offering (IPO) on London’s Alternative Investment Market (AIM) are “on track”, Tawa plc has revealed.
01 October 2007
XL Capital in $500mn share buyback
XL Capital has continued the market trend for returning capital to shareholders after announcing its second share buyback programme this year.
01 October 2007
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