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WorldCom/Enron settlements cause concern for non-executive directors
But unique circumstances unlikely to set precedent for those with solid D&O cover
17 January 2005
Tort reform: Insurers stand firm at $45bn, but progress at State level
It seems that legislation to bring in an asbestos trust fund to compensate victims and end expensive lawsuits will stay log-jammed in the Senate after insurers refused to compromise on the contributions they would have to make.
13 October 2003
Investment gains boost Axis profits
Bermudian powerhouse Axis Capital has held up robust fourth-quarter net profits as its full-year net income almost doubled on strong realised gains in its investment portfolio.
14 February 2011
Broker consolidation to continue despite credit crunch
Lloyd's brokers expect consolidation to continue over the next three years, despite the majority expressing concern that the credit crunch would impact broker valuations.
31 March 2008
Rebounding Mapfre shrugs off Chile hit
Spain and Latin America's largest (re)insurer Mapfre achieved an 8.7 percent increase in revenues for full year 2010, despite a EUR 106.1mn hit from the Chilean earthquake.
03 February 2011
XL disappoints investors with $191mn US casualty reinsurance charge
XL unveiled a further boost to its US reinsurance reserves last week, which included a $64.7mn pre-tax increase for its workers’ compensation reserves.
11 July 2005
Agnew Higgins wins International Group P&I contract from Benfield
Benfield is to lose its role in helping place the world’s largest reinsurance contract because of its decision to expand into the primary insurance markets. Last week the broker was replaced by marine/energy specialists Agnew Higgins Pickering & Co...
21 November 2005
Moss in surprise departure
Lloyd’s finance director Andrew Moss surprised observers last week when he resigned to become the Group finance director of UK insurer Aviva plc.
02 February 2004
Marsh to appoint outsider as CEO
Marsh Inc – the broking giant which parted company with its chief executive Brian Storms suddenly this month – is looking to appoint an external candidate to replace him, The Insurance Insider understands.
28 September 2007
Willis settles Florida investigation for $2.6mn
Insurance broker Willis Group Holdings has agreed to a $2.6mn settlement with the Florida attorney general and insurance regulators, the company has announced.
30 July 2007
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