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  • Insurance broker Willis Group Holdings revealed it would be reducing its headcount by an extra 100 people as it reported annual profits had grown to $449mn last year, compared to $281mn in 2005.
  • Although Aon Corp's audacious swoop for rival Benfield's facultative team continues to generate acrimony between the two firms, the UK-headquartered reinsurance broker has begun the process of recruiting new talent.
  • The recent launch explosion involving an SES New Skies Boeing-built satellite on a Sea Launch platform is likely to cost space insurers $256mn, with potential for further claims in the marine market.
  • UK insurer prepared to retain minority stake
  • Hannover Re is poised to enter into a landmark financial transaction that will lay off credit risk on its reinsurance recoverables to the capital markets, a move first revealed by The Insurance Insider in January last year.
  • FSA follows Bermuda in raising fees; Lancashire reassures after Florida actions; Three-year electronic target for London market; Novae sees reduced deterioration on legacy exposures...
  • US property catastrophe - a changing climate; State Farm legal developments; Florida action on reinsurance collateral requirements; National catastrophe programme considered
  • The Kroes' investigation could have a significant impact on the broker model as buyers are encouraged to contribute...
  • Three Lloyd’s syndicates have underwritten over 50 percent of a controversial EUR45mn North Korean reinsurance claim, according to legal documents obtained by The Insurance Insider.
  • Former Heath boss replaces Bucknall at Willis; Marsh receives China first ; Guy Carpenter appoints Frankland as UK head