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  • Marsh & McLennan Companies Inc (MMC) reported slow second quarter revenue growth in its broking division as new business wins were offset by the softening commercial (re)insurance market.
  • Former General Re senior vice president Richard Napier has lifted the lid on the allegedly sham finite reinsurance deal with American International Group.
  • It was former CEO Maurice "Hank" Greenberg's concern over the falling share price of American International Group Inc (AIG) that prompted an allegedly sham finite reinsurance deal with Gen Re, a US court was told earlier this month.
  • In addition to recent brokerage increases by its UK and European operations, Marsh is in discussions with carriers to introduce "enhanced commissions" in its US middle market and small commercial business.
  • American International Group (AIG) has had the outlook on its A- rating downgraded to negative by Standard & Poor's (S&P) after the US Treasury sold $18bn of the company's stock.
  • An earthquake of magnitude 7.3 has struck the north-east coast of Japan near the site of the much larger Tohoku quake of 2011, leading the Japan Meteorological Agency to issue a regional tsunami alert
  • Bermuda's deputy premier Paula Cox has been working hard to remove the country from a list of tax havens drawn up by the Organisation for Economic Cooperation and Development (OECD).
  • Despite boosting asbestos reserves by £167mn, Lloyd's pre-1993 run-off vehicle Equitas heralded a year of progress which has left it in a stronger financial condition as it announced its financial results for the year ended 31 March 2005 today (7 June).
  • At the time of going to press, the first round of Lloyd's Syndicate 2001 results were beginning to trickle through, as the Corporation's listed vehicles reveal their final figures under the three year accounting system and detail development on the 2002 a
  • Lloyd's insurer Argenta Syndicate Management Ltd has parted company with its lead underwriter John Hyland after six years at the helm of its reinsurance focussed Syndicate 2121.