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  • After a miserable year-to-date for industrial and weather-related losses, (re)insurers’ worst fears following US Midwest flooding in June at least appear misplaced.
  • Integro Ltd CEO Roger Egan has sued former employer Marsh & McLennan Cos Inc (MMC) alleging he was not properly compensated after being axed by the company in the aftermath of the 2004 bid-rigging affair.
  • Recently intensified levels of piracy around the notoriously volatile seas off the East Coast of Africa look set to hike marine and kidnap and ransom insurance rates to cover the increased risk to merchant vessels of all sizes sailing through the area.
  • More than 90 percent of Marsh’s largest US policyholders have signed up to the restitution fund created by MMC as part of its settlement with New York attorney general Eliot Spitzer.
  • Lloyd’s have appointed the former Deloitte & Touche insurance head Celia Denton to its ruling body, the Council of Lloyd’s.
  • Standard & Poor’s (S&P) followed through with its threatened downgrade of the various Travelers’ entities it placed on CreditWatch on 17 November 2003, when the agency greeted the proposed merger by revealing its intention to align Travelers’ ratings with
  • Lloyd’s insurer Wellington Underwriting plc has announced the appointment of Heather Thomas as general counsel and company secretary.
  • Embattled insurance giant American International Group (AIG) is facing a Grand Jury probe into potential criminal conduct by its executives, according to reports last week. The news was the latest blow to strike the organisation, which has been...
  • R&SA has announced the sale of its 37.1 percent shareholding in South Africa’s Mutual & Federal Insurance Company Ltd.
  • Lloyd's is to consider raising the Central Fund levy to replace the ÂŁ323.8mn deficit caused by the recent, modest settlement with its reinsurers, The Insurance Insider can reveal.