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MMC rewards senior staff
Steering Marsh and McLennan Companies (MMC) through the difficult post-Spitzer years has led to rich rewards for the company's president and chief executive Michael Cherkasky, who received total compensation valued at $8.65mn last year.
02 April 2007
Atrium closes results season on another record
Listed Lloyd's (re)insurer Atrium Underwriting plc closed the Lloyd's reporting season with record profits of £44.7mn on 29 March.
02 April 2007
QBE launches professional indemnity division
QBE Insurance (Europe) has launched a new professional indemnity division after merging its portfolio with that of DA Constable Syndicate 386.
02 April 2007
Rise in premium follows Heritage strategy charge
Lloyd's insurer Heritage Underwriting Agency announced that its gross premium income grew 82 percent last year following a change in strategy to take a bigger share of its managed underwriting.
02 April 2007
Lloyd’s reports £3.7bn profit
Strong performance from Lloyd’s insurers in calm cat conditions has led the Society to report pre-tax 2006 profits of £3.7bn for the market.
29 March 2007
Equitas deal wins Fitch upgrade for Lloyd’s
Yesterday’s (27 March) closing of the Equitas deal with Berkshire Hathaway has already begun to pay dividends for Lloyd’s, with Fitch Ratings upgrading its insurance financial strength rating on the Society from A to A+.
28 March 2007
Plumeri embraces principles
A principles-based rather than a rules-based approach – not just to regulation but to running the entire industry – should be embraced by the industry, according to Joe Plumeri, chairman and CEO of Willis.
26 March 2007
OIL charges more for hurricane exposures
The Bermuda-based energy mutual Oil Insurance Ltd will increase its aggregation limits for all risks to $750mn when the 2007 Atlantic hurricane season begins later this year.
26 March 2007
Hiscox calls for partnership with brokers
The insurance industry needs a real partnership between underwriters and brokers if it is to progress, according to Hiscox Ltd's chairman Robert Hiscox.
26 March 2007
Hardy staying in London – for now
Lloyd's insurer Hardy Underwriting Group has revealed that it will stay in London, but that the possibility of moving to a low tax jurisdiction remains firmly in its sights.
26 March 2007
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