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Willis to cut 400 jobs
Willis became the latest of the international brokers to announce job losses as part of an efficiency drive with confirmation by the company yesterday that it would cut 400 positions.
27 October 2006
Citibank settles WorldCom as part of a $4.95bn charge
US banking giant Citibank announced today (10 May) that it has reached a pre-tax $2.65bn settlement of class action litigation brought by WorldCom investors.
10 May 2004
Mariner solvent scheme sanctioned
Bermudian (re)insurer Mariner's proposed solvent scheme was sanctioned by the Bermudian Supreme Court, the first approval since the Scottish Lion decision.
11 November 2009
Kiln forecasts improvement
Lloyd's insurer Kiln predicted improvements for three of its four syndicates when it updated its syndicate forecasts today (31 May).
31 May 2006
Lloyd's feels GoshawK pain
The scale of the damage caused to the Lloyd's Central Fund by the failure of GoshawK's Syndicate 102 is becoming apparent with the Society paying £76mn last year to cover claims arising from the defunct insurer.
10 April 2006
US February winter storms could cost $1.35bn
The three winter storms that hit the northeast US coast in February could cost $1.35bn according to catastrophe modelling firm AIR.
09 March 2010
Aspen Re continues growth
Wellington spin-off Aspen Re last week (27 July) reported second quarter net earnings of $83.8mn, or $1.16 a share, marginally ahead of the $80.9mn booked in the same period last year.
01 August 2005
White Mountains reports strong first quarter
Bermuda-based (re)insurer White Mountains Insurance Group reported a strong first quarter adjusted comprehensive net income of $117mn compared with $75mn for the first quarter of last year. The result benefited from a $21mn gain due to a foreign...
02 May 2006
Aon wins Cordea Savills account
Broking giant Aon has won a contract to consolidate international property fund manager Cordea Savills' current insurance arrangements into a pan-European programme.
24 August 2009
Ince hires senior associate from rival
International law firm Ince & Co has tempted senior associate David Grantham over from rival Allen & Overy to join its insurance business group.
07 September 2009
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