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Brokers’ role comes to the fore in EU investigation
After a year-and-a-half long investigation, the European Commissioner for Competition Neelie Kroes published her preliminary findings into the business insurance sector last week which raised concerns...
29 January 2007
Bank of America forms Lloyd's casualty syndicate
Bank of America has launched a Lloyd's syndicate specialising in writing long-tail lines, our sister title The Insurance Insider revealed this morning (29 January).
29 January 2007
Bank of America to launch Lloyd’s syndicate
US giant Bank of America is set to launch a Lloyd’s syndicate specialising in writing long-tail lines, The Insurance Insider can reveal.
29 January 2007
GM continues R&SA battle despite court defeat
Royal & Sun Alliance Insurance Group plc (R&SA) won a significant victory in its acrimonious battle with General Motors last week after a Michigan Circuit Court ruled...
29 January 2007
BLG strengthens aviation team
Law firm Barlow Lyde & Gilbert (BLG) is to strengthen its five-partner aerospace team with Neil McGilchrist and associates Anna Anatolitou and Maria Galan joining next month from Gide Loyrette Nouel.
29 January 2007
All roads leading to London: Glaser
The London market has to be "willing to strive, to improve, to challenge, to change" if it wants "all roads in insurance to lead to London", according to Dan Glaser.
29 January 2007
Aon to lose 550 US jobs
Broking giant Aon Corp confirmed last week that it is to lose 550 jobs in its US operations as part of its ongoing efficiency drive.
29 January 2007
Former Heath boss takes charge of Willis’ UK operation
David Margrett, the former group chief executive of Heath Lambert, is to take over as chairman and CEO of Willis Ltd, the broker's UK operation.
29 January 2007
The Hartford posts record profits on low cat year
Benign catastrophe conditions contributed to US insurer The Hartford Financial Services Group reporting record fourth quarter net income of $783mn, or $2.42 a share, and full year 2006 net income of $2.7bn – a 21 percent increase on 2005.
29 January 2007
R+V wins £14mn judgement in Risk case
German reinsurer R+V has been awarded £14mn, plus interest, in its long-running dispute with the former Lloyd’s-based managing agency Risk, Insider Week can reveal.
29 January 2007
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