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Allianz counterclaims against North Koreans
European giant Allianz has launched a UK High Court counterclaim against the North Korean state insurer over a controversial EUR45mn reinsurance dispute.
11 May 2007
Platinum appoints new CFO
Bermudian (re)insurer Platinum Underwriters Holdings has appointed James Krantz as executive vice president and CFO.
29 May 2007
Marsh restructures as Moyles goes
New Marsh CEO Dan Glaser wasted little time in stamping his authority on the broker as the MMC subsidiary made its second management reshuffle in a matter of months as part of an organisational restructure to "improve efficiencies".
14 January 2008
R&SA continues de-risking US
UK general insurer Royal & Sun Alliance (R&SA) this morning (11 May) announced first quarter pre-tax profits of £122mn, unchanged from the corresponding period of 2005.
11 May 2006
Industry to sidestep NZ mine explosion PA loss
Injury-related costs from a mining explosion in New Zealand are unlikely to impact the international insurance industry, as accident cover is provided by a national compensation scheme.
22 November 2010
European giants reward shareholders
European giants Allianz, AXA and Zurich Financial Services (ZFS) reported strident 2006 figures and increased dividends as they benefitted from clement natural catastrophe conditions.
09 March 2007
DE Shaw in $575mn deal for James River
Giant Bermuda-based investment hedge fund DE Shaw Group agreed a $575mn deal for US property/casualty insurer James River Group last week.
18 June 2007
Swiss Re expects Japan losses of $1.2bn
Swiss Re has announced a preliminary loss estimate of $1.2bn for the Japanese earthquake and tsunami
21 March 2011
Marsh suspends senior UK executive after over-charging allegations
Freshfields audit takes a new twist after senior UK broker suspended for allegedly receiving unauthorised commissions
01 November 2004
FSA climb down on risk manager regulation
UK risk managers’ representative body AIRMIC has welcomed a statement from the Financial Services Authority (FSA) that many group risk managers will be spared from regulation imposed by the Insurance Mediation Directive when it comes into force at the sta
19 July 2004
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