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MMC axes Cherkasky
Michael Cherkasky, the president and chief executive of Marsh & McLennan Companies Inc (MMC), has been axed by the firm following continuing criticisms of the group’s performance.
21 December 2007
CastlePoint posts $10.5mn net income
CastlePoint Holdings Ltd, the Bermudian holding company launched by the US firm Tower Group last year, reported net income of $10.5mn for the second quarter and $17.6mn for the first half of the year.
06 August 2007
Tysers management buyout to 'secure independence'
Tysers has sealed a management buyout, bucking the trend for small to mid-size London broker sales to larger rivals and private equity investors.
09 November 2007
WTC settlement deadline extended
The World Trade Center (WTC) Captive Insurance Co has extended its deadline for plaintiffs to consider opting in to its $700mn+ settlement scheme by two months until 8 November.
31 August 2010
Spiller mulls London move
David Spiller, the chief executive of MMC's reinsurance arm Guy Carpenter & Co, is close to relocating back to London, The Insurance Insider understands.
11 June 2007
Brit debt falls sharply as bondholders fear Apollo bid will succeed
The price of Brit Insurance debt has fallen sharply this week as investors fear the likelihood of a takeover by a private equity house is increasingly likely.
25 June 2010
Kiln posts record profits; outlines new business plan for Syndicate 557
More news of rates remaining firm came from Kiln in its 9 September half-year results presentation.
13 September 2004
Record net Q1 operating income at RenRe
The positive first quarter for Bermudian (re)insurers continued when RenaissanceRe posted a record net operating income of $195.7mn, or $2.73 per share, up from $54.5mn, or $0.76 per share last year.
08 May 2006
US reinsurers’ results deteriorate
US-based property and casualty reinsurers are writing less premium this year and their combined ratio is deteriorating, according to a survey of statutory underwriting results by the Reinsurance Association of America (RAA).
30 November 2010
Inside Letters - Slayden Support
Gentlemen, I enjoy your publication and appreciate the general quality and forthrightness of the editorial; very refreshing and often enlightening. I regret therefore that I must take you to task over a very short insert in your latest issue.
01 December 2001
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