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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
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
Chairman & ACE settle at the "courthouse door"
A week after Axis Specialty confirmed it had raised $1.6bn and will begin underwriting from its Bermuda base in December, its chief executive John Charman and his former employers ACE have settled their dispute over Charman’s termination agreement.
01 December 2001
HCC estimates $20mn Q1 losses
HCC Insurance Holdings has reported losses totalling $20mn pre-tax, $13mn post-tax, from the Chilean earthquake and windstorm Xynthia. The firm said losses from the Chile disaster account for the majority of the reported figure.
14 April 2010
TRIA extension nearer with bill compromise
US politicians offered some succour to the (re)insurance industry yesterday (15 November) with the news that an agreement had been reached on a bill to extend the Terrorism Risk Insurance Act (TRIA) for a further two years – albeit under less favourable..
16 November 2005
AJ Gallagher acquires employee benefits broker
US broker Arthur J Gallagher has branched out into the UK employee benefits arena by acquiring London-based consultant and insurance broker Risk & Reward Group for an undisclosed sum.
01 June 2010
Willis and Aon contrast on organic growth
Broking giant Willis Group disappointed analysts after recording weak organic growth despite strong earnings in the fourth quarter.
11 February 2008
GE reiterates ‘sell down’ of reinsurance arm
The head of General Electric’s (re)insurance arm confirmed last month that the giant conglomerate will probably sell or spin-off all its underwriting units in due course.
12 September 2005
Imagine expands with $100mn fund raising
The Barbados headquartered reinsurer Imagine Group has increased its capital base to over $500mn with a $100mn private placement to institutional investors.
06 September 2004
Zurich's profits near $1bn on investment gains
Despite a cat-driven 77 percent fall in the underwriting profits of its general insurance division Zurich Financial Services's (ZFS) investments helped it to post net income approaching $1bn in Q1.
06 May 2010
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