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CV Starr forms new Lloyd’s syndicate
CV Starr, the managing agency ultimately controlled by former American International Group (AIG) chief executive Maurice “Hank” Greenberg, revealed on 12 September that it is forming a new Lloyd’s syndicate.
18 September 2006
Hastings-Bass departs JLT
UK-listed broker Jardine Lloyd Thompson Group plc (JLT) has parted company with John Hastings-Bass, the chairman of its international retail broking operations.
18 September 2006
Independent directors resign from Converium partner
All four independent directors have resigned from Converium’s UK partner, the Medical Defence Union (MDU), following a dispute over salary disclosure.
18 September 2006
Second Katrina ruling goes insurers’ way
US insurers have received a second boost from the courts as they battle the “wind versus water” claims related to Hurricane Katrina.
18 September 2006
PSA restrictions eased at Aon
Aon Corp became the last of the big three brokers to announce that US insurance regulators have eased restrictions on them charging contingent commissions, or Placement Service Agreements (PSAs) on 8 September.
18 September 2006
Quanta sells environmental unit; new CEO
Quanta Capital Holdings announced today (18 September) that it has sold its Environmental Strategies Consulting (ESC) subsidiary, an environmental consulting company.
18 September 2006
Swiss Re considers £600mn Gherkin sale
Giant reinsurer Swiss Re revealed last Friday (15 September) that it is looking for potential buyers for its iconic London office building the Swiss Re Tower - better known as the Gherkin.
18 September 2006
MMC to shed a further 750 jobs in cost cutting measures
Marsh & McLennan Companies (MMC) has announced its second major restructuring in less than two years with news that it plans to shed 750 jobs as part of cost-cutting measures that it says will produce savings of $350mn a year.
15 September 2006
Kiln to increase Lloyd's capacity to £1bn
Lloyd's insurer Kiln plc revealed plans to pre-empt its 2007 syndicates capacity to around £1bn in its interim results statement today (12 September).
12 September 2006
CV Starr forms new Lloyd's syndicate
CV Starr, the managing agency ultimately controlled by former American International Group chief executive Maurice "Hank" Greenberg, revealed today (12 September) that it is forming a new Lloyd’s syndicate.
12 September 2006
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