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MMC culls board insiders
The beleaguered broking giant MMC took further steps to improve its corporate governance rating by firing five senior executives from its board of directors last week.
22 November 2004
AJ Gallagher settles with Edgewood
Californian-based brokerage Edgewood Partners Insurance Center (EPIC) has reached a confidential settlement with Arthur J Gallagher & Co, resolving the international broker's pending lawsuit alleging conspiracy and poaching of staff.
13 January 2009
Asbestos charge and cats send Liberty Mutual to Q3 loss
Liberty Mutual Group fell to a $111mn net loss for the third quarter as cat losses and an asbestos charge hit the bottom line.
04 November 2011
Lloyd & Partners continues Aon energy raids
London-based wholesaler Lloyd & Partners has recruited onshore energy reinsurance specialist Chris McNamara from Aon Benfield as part of investment in its energy practice.
23 August 2010
Towers Watson posts $58mn quarterly profit
Towers Watson - the new entity from the merger of actuarial and risk consulting and management firms Towers Perrin and Watson Wyatt - posted a $58mn profit for the fourth quarter.
23 August 2010
Aon has $1.5bn bridging loan for Hewitt deal
Global broker Aon Corp has disclosed details of the $2.5bn lending arrangement that will finance the cash portion of its $5bn cash and stock bid for consulting giant Hewitt.
23 August 2010
UK liability continues to attract start-ups
Converium receives licence to write UK liability while British Government gives heart to insurance industry In the week that saw the UK Government acknowledge the recent surge in liability premiums, the Swiss based reinsurer Converium revealed that it
09 June 2003
Europe needs a PCS: Swiss Re
Swiss Re, the Zurich headquartered reinsurer which is pioneering the industry’s collaboration with the capital markets, has called on the creation of a new index for European natural catastrophes.
22 January 2007
JLT Re to go live in 2006
Jardine Lloyd Thompson group plc plans to separate its reinsurance division into a new trading operation, JLT Re, that will begin trading next year as the broking group continues its drive to grow its reinsurance market share.
01 August 2005
AIG completes RMBS sale; terminates securities lending program
American International Group (AIG) has completed the next phase of its revamped $150bn state rescue package with the sale of $39.3bn face value residential mortgage backed securities (RMBS) to a government backed vehicle.
16 December 2008
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