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Gallagher’s hires ex-broker regulator
As revealed by The Insurance Insider in February, the UK division of US retail broker Arthur J Gallagher has hired ex-regulator Sarah Dalgarno as director of compliance and risk management.
22 May 2006
AIG expands further into China
American International Group (AIG) has announced that the China Insurance Regulatory Commission (CIRC) has given its life and general insurance subsidiaries in China approval to expand.
22 May 2006
Zurich rides regulatory charge to record profit
Swiss giant Zurich Financial Services (ZFS) recorded a first quarter profit of $785mn, up 1 percent from last year, despite being hit with a $262mn post tax charge from settling with US regulators.
22 May 2006
Net income rises at SCOR
French reinsurer SCOR has reported a 61 percent rise in its first quarter income to EUR53mn from EUR33mn in the prior-year period.
22 May 2006
Cooke rejoins Marsh as senior advisor
Jeremy Cooke - the former head of Marsh's Inc wholesale broking operations - has returned to MMC as a senior operations advisor.
22 May 2006
ACE announces Duperreault retirement
Bermudian giant ACE Ltd confirmed announced that Brian Duperreault, chairman of the board, will retire from the company at the end of the month.
22 May 2006
Stock market slump hits London-listed insurers
The London Stock Exchange’s two-week decline has continued to impact on the share price of the London Market’s listed insurers.
22 May 2006
SEC praises AIG's "good governance" progress
The Securities and Exchanges Commission (SEC) has praised American International Group and its "courageous" chairman Frank Zarb as the giant insurer makes strides towards "good governance".
22 May 2006
Start-up wholesaler hires senior VP
Start-up US wholesale broker Mercator Risk Services Inc has hired Michael Connelly as senior vice president and manager of its Midwest Casualty operation.
22 May 2006
GM files London asbestos suit against R&SA
General Motors has brought its asbestos dispute with Royal & Sun Alliance Group to the UK by filing a suit against the insurer into the High Court.
22 May 2006
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