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  • It is an anniversary which many in the industry would be keen to forget. But on Friday 14 October, it will be one year on since the New York attorney general Eliot Spitzer rocked the insurance world with his stunning allegations against MMC.
  • Bermudian reinsurer Quanta, and Lloyd’s vehicles Kiln and Watkins Syndicate 457 are among the first in what is likely to be a growing list of (re)insurers withdrawing from selected lines of business for at least part of the remainder of 2005.
  • The US commutation Rendez-Vous - organised by the UK run-off firm Cavell and the US run-off association AIRROC - looks set to attract more than 200 delegates to its inaugural event later this month in New Jersey.
  • With a general consensus that the impact of Hurricanes Katrina and Rita on the (re)insurance sector will be “market-changing”, industry observers are beginning to comment on just how the underwriting cycle and rating environment might change.
  • Following the news that the first Hurricane Katrina lawsuit had been filed against insurers in the US (see Insider Week No. 191), law firms have begun to brief insurance clients in earnest over the challenges they will face in the likely deluge of...
  • Aon UK has confirmed that it is to lose up to 750 jobs in a major restructuring of its Risk Services and Specialty divisions. As revealed by Insider Week on 26 September, the broker is to place its employees into “consultation” which is expected to...
  • Despite warnings that Hurricane Katrina could trigger CAT bonds it seems likely that most will be unaffected. It seemed that a number of CAT bonds were under threat as Katrina made its way across the Gulf of Mexico (GOM) as a Category Five storm.
  • The former MMC chief executive Jeffrey Greenberg has established a private equity investment company Aquiline Investment Group that will back insurance and financial services companies, The Insurance Insider can reveal.
  • Leading broker Marsh has been chosen to provide insurance consulting and risk management services for the 2008 Olympic Games in the Chinese capital, Beijing. Marsh will team up with the China Sports Insurance Broker Company to provide services for...
  • Aon UK confirmed last week that it is to follow rival MMC in reducing its headcount with a major restructuring of its Risk Services and Specialty divisions. As revealed by Insider Week on 26 September, the broker is to place its employees into...