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Aon dragged down by $102mn reserve boost
Broking giant Aon Corp came in below analyst estimates yesterday (1 November) with its third quarter results but five percent growth in its core broking business will be better received by shareholders.
02 November 2006
MMC reports few surprises in steady quarter
There were few surprises as Marsh & McLennan Companies, Inc (MMC) released a steady set of third quarter results today (1 November), with consolidated revenues up four percent to $2.9bn on the prior-year period.
01 November 2006
JLT outlines strategy with major restructure
Speculation that UK broker Jardine Lloyd Thompson Group plc was considering a strategy of focussed regional growth was quashed today when the company announced a major restructuring that includes greater integration of its two separately branded wholesale
31 October 2006
Letherbarrow to head Kiln’s aviation syndicate
Lloyd’s insurer Kiln plc announced on 26 October that Paul Letherbarrow would be assuming the role of active underwriter of Kiln’s Aviation division, Syndicate 510, subject to Lloyd’s approval.
30 October 2006
Greenberg cautious despite ACE quarter
ACE Ltd’s president Evan Greenberg struck a cautious note as the Bermudian powerhouse unveiled strong third quarter earnings last week.
30 October 2006
O’Kane upbeat despite Aspen defections
Despite the recent loss of three of its four most senior underwriting managers, Aspen Insurance Holdings Ltd chief executive Chris O’Kane was confident the departures would not damage the group’s business.
30 October 2006
Catlin agrees £591mn Wellington takeover
The largest Lloyd’s insurer is set to be created following the agreed takeover terms of Wellington Underwriting plc by Catlin Group Ltd.
30 October 2006
Catlin agrees Wellington takeover terms
The largest Lloyd’s insurer is set to be created following the agreed takeover terms of Wellington Underwriting plc by Catlin Group Ltd, The Insurance Insider can reveal.
30 October 2006
Aon Re appoints Bermuda President
Aon Re Global has promoted Robert Johnston to become president of its Bermuda operations, Aon Re Bermuda.
30 October 2006
BP Marsh increases broker investments
BP Marsh & Partners plc, the London-based investor in specialist insurance and other financial services related companies, has increased its brokerage investment with the proceeds of its recent AIM listing.
30 October 2006
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