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  • Aon's senior executives will now be in line for a substantial pay-off, if there is a change of control in the company.
  • Post-9/11 start-up Endurance Specialty has reported first quarter net profits of $96.3mn or $1.45 a share, fractionally down on the prior-year figure of $100.9mn or $1.47 a share. But operating income, which excludes realised gains and losses, rose from $
  • Another spat between France and the US hit the headlines last week when it emerged that the French Justice Ministry had denied requests to extradite four Crédit Lyonnais executives in connection with the long running Executive Life dispute.
  • A Marsh takeover of UK broker HLF Group has taken a step closer to reality with the revelations that the world's largest insurance broker has begun due diligence proceedings.
  • In the week that CNA announced the exit of its under-performing reinsurance business CNA Re, its former head Bill Adamson is promoted to replace Peter Scanlan as the head of RK Carvill’s US arm, Carvill America Inc.
  • Despite a relatively quiet 2009, the Insurance Futures Exchange (IFEX), which trades US wind future contracts on the Chicago Climate Futures Exchange, is preparing for a flurry of new trading participants in 2010, The Insurance Insider understands.
  • 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.
  • Mining conglomerate BHP Billiton - which experienced heavy losses in 2008, primarily as a result of flooding in Australia - has decided to self-insure for property and business interruption risks.
  • South African financial services company Alexander Forbes said it expects earnings per share for the first half of the year to be down by 25-35 percent because of a number of exceptional costs...
  • Ernst & Young, the big four accountant facing a £2.6bn claim from Equitable Life, has only limited professional indemnity protection from Swiss Re, one of the world’s largest reinsurance companies.