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  • New York’s Superintendent of insurance, Greg Serio, revealed that his department has issued citations to MMC, Marsh Global Broking – Marsh’s market facing unit which arrangement Placement Service Agreements with insurers – and more than ten Marsh subsidia
  • The New Zealand Earthquake Commission (EQC)'s reinsurers are facing the prospect of a second wipe-out on the cover in less than six months
  • Aon names Unionamerica; Windsor knot; Keeling's cull
  • The first of six Lloyd’s capacity auctions was a sluggish affair It was a slow and entirely expected start to the annual Lloyd’s auctions, where the right to participate on Lloyd’s syndicates is bought and sold. The declining number of names and syndi
  • Willis Group Holdings revealed today (20 December 2004) that it has bought the business of the Mexico insurance broker Maisterrena Asesores.
  • AXA will have to pay compensation to world football governing body FIFA, following a ruling by a German court that the insurance company was wrong to cancel its 2002 World Cup insurance policy.
  • A trial date of January 2008 has been set to hear Lloyd’s case against Benfield and Aon, the two brokers who placed the £500mn Central Fund insurance contract that failed to engage following an arbitration decision last year.
  • Capital providers have approached Lloyd’s insurer Beazley to manage a new Lloyd’s syndicate with up to £200mn of capacity. Beazley has written to the existing underwriting members of Syndicate 623 asking for approval and offering limited tenancies...
  • Global (re)insurer QBE has unveiled large risk and catastrophe claims totalling A$470mn ($430mn) for the year to date, up from an estimated net $430mn ($394mn) for the same period in 2009.
  • Lloyd's has received the long-awaited approval for its new Chinese onshore reinsurance operation from regulators today (14 March).