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  • Brokers continue post-Spitzer cost drive
    Willis Group Holdings became the latest of the international brokers to respond to the post-Spitzer pinch, announcing the loss of 400 jobs as part of an efficiency drive on 25 October.
    17 November 2006
  • LEGAL BRIEFINGS
    US and EU Legal Developments
    17 November 2006
  • Marsh parts company with more big guns
    Marsh Inc’s chief executive Brian Storms parted company with another senior executive early in November as the broking giant announced it was to make its President William (Bill) Malloy redundant.
    17 November 2006
  • International News Digest
    Finite Re spectre at Max Re; AXA securitises EUR350mn of life mortality risk; Hannover Re gets China approval for life; Oil spills after downgrade; ZFS boosts UK asbestos reserves by $500mn...
    17 November 2006
  • Benfield profit warning follows fac exodus
    Benfield Group warned last month that trading profits are likely to be £10mn lower in 2006 than previously expected because of the loss of senior members of its facultative team to a rival firm.
    17 November 2006
  • Buffett builds legacy with run-off appetite
    There are still hurdles to be overcome – not least the threat of awkward policyholders. But the structure of the landmark $7bn deal should see off threats
    17 November 2006
  • US insurers deliver on benign catastrophe climate
    AIG beats earnings forecasts American International Group (AIG), the world’s largest insurance company by value, unveiled strong third quarter results on the back of a benign 2006 claims environment.
    17 November 2006
  • Mixed response to European results
    Munich Re, the world’s second largest reinsurer, raised full-year earnings forecasts and announced a EUR1bn share buy-back – its first ever, equivalent to 3.4 percent of its share capital – as it became the latest industry carrier to benefit from benign c
    17 November 2006
  • Outperforming Bermudians warn on pricing pressures
    While Bermudian (re)insurers uniformly booked strident third quarter results, as soaring cat rates post-Katrina combined with a virtually loss-free hurricane season...
    17 November 2006
  • Chaucer considers new syndicates
    Chaucer Insurance Holdings plc is in talks to launch a new Lloyd’s syndicate with the former QBE Limit underwriter, Mark Harrington.
    17 November 2006
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