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Marsh rolls over in response to Spitzer’s charges
Marsh has submitted to Eliot Spitzer’s shock 14 October allegations of price-fixing by replacing its chief executive Ray Groves and revealing that it will no longer charge insurers contingent commissions, often known as Placement Service Agreements (PSAs)
18 October 2004
S&P ups Allianz Ireland rating
Ratings agency Standard & Poor's (S&P) has raised its long-term counterparty credit and insurer financial strength ratings on Allianz Ireland and Allianz Corporate Ireland (collectively Allianz Ireland) to “BBB” from “BBB-“, with a stable outlook on both
12 July 2004
JLT to overhaul pension scheme; margins fall
Jardine Lloyd Thompson Group plc (JLT) plans to overhaul its staff pension scheme in a bid to reduce the £146mn deficit which hangs over the company.
11 August 2006
Amlin boost on rate fears
Amlin smoothed fears over falling rates last week by providing a reassuring assessment of market conditions, while also improving slightly the forecasts on its 2002 and 2003 underwriting forecasts.
23 August 2004
XL almost trebles net income with clean quarter
Bermudian giant XL Capital reported on 26 July that it had almost trebled its second quarter net income to $377.1mn, up from $135.9mn in the prior-year period.
31 July 2006
Kiln Group appoints new CEO
Lloyd’s insurer Kiln Group has appointed Charles Franks to replace Edward Creasy as CEO from the start of 2009 in a senior management reshuffle.
01 October 2008
Q2 losses to hit US cat underwriters
Second quarter US cat losses, which the ISO has revised upwards to $6.03bn, are likely to hit the bottom line of personal as well as commercial lines insurers, according to the latest analysis from Fox-Pitt, Kelton.
21 July 2008
FSA reprieved by UK coalition
The Conservative Party has abandoned immediate plans to abolish the UK regulator the Financial Services Authority (FSA) as a concession to its coalition partners the Liberal Democrats.
20 May 2010
HCC books solid profit despite cats and adverse development
International specialty insurer HCC Insurance Holdings rode catastrophe losses in the first half of the year to produce solid Q2 and H1 net profits.
03 August 2011
R&SA restructures management
Royal & Sun Alliance Insurance Group plc revealed a group restructuring last week to reflect the focus of the company into its UK, International and emerging markets.
16 October 2006
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