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FSA gives provisional green light to big three
Embattled superbroker Marsh was given a minor fillip last week (11 November) as it received, along with world and UK numbers two and three Aon and Willis, notice that UK regulator the Financial Services Authority (FSA) is “Minded to Authorise” (MTA) the b
15 November 2004
Capital withdraws Lloyd’s consolidation IPO
The Lloyd’s consolidation vehicle Capital Insurance Holdings postponed its Alternative Investment Market float last week after failing to attract sufficient support from UK investors.
02 August 2004
Lloyd’s welcomes UK tax cut
Lloyd's chairman Lord Levene, who has long campaigned for a lower corporate tax rate in the UK, endorsed the 2 percent cut made by Chancellor Gordon Brown in his final budget.
26 March 2007
MMC rejects Kroll buy-out offer
An approach from former European chairman of Marsh, McLennan Co's (MMC) security consulting arm, David Buchler to buy the firm for $1.5bn has been rebuffed.
06 May 2008
Aon posts flat fourth quarter income; reports stock option irregularities
Aon Corp posted flat fourth quarter net income last night of $224mn with broking revenues up 7 percent to $1.5bn.
09 February 2007
Hardy and Advent progress on Names buy-out
Quoted Lloyd’s insurers Hardy Underwriting Group plc and Advent Capital Holdings plc are taking the final steps towards achieving the buy-out of remaining Names’ capital.
11 October 2006
ACE finally receives approval for Brandywine sale
ACE Ltd has finally received approval from the Pennsylvania insurance commission to spin-off some of its asbestos-riddled subsidiaries to the UK run-off company, Randall & Quilter Investment Holdings Ltd.
04 July 2006
Eqecat estimates $300mn Baja quake hit
Modelling firm Eqecat has placed the insured cost of the powerful earthquake that struck in Baja California on Sunday (4 April) at $300mn, with economic damage not expected to exceed $1bn.
09 April 2010
Markel gets Kinnected
Lloyd’s specialty property and casualty insurer Markel International has become the first insurer of 2004 to sign up to the Kinnect Platform.
09 August 2004
White Mountains Re reshuffles management
Bermuda-based White Mountains Re has reshuffled its management team, with Chuck Chokel, previously managing director and general auditor at parent White Mountains Insurance Group, appointed...
07 August 2006
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