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Tunnicliffe quits Advent
Lloyd’s (re)insurer Advent Underwriting Ltd has been dealt a blow by the sudden resignation of the chief underwriting officer of its Syndicate 780, Lloyd Tunnicliffe.
07 April 2008
Marsh hit by more job cuts
Broker Marsh looks set to announce more job redundancies as the result of an ongoing cost-cutting programme.
21 February 2005
Aon chairman to sell $146mn in shares
Pat Ryan, the founding chairman of broking giant Aon Corp, announced plans to sell five million shares in the company, equivalent to some $146mn.
30 August 2005
Greenberg offloads 27 million AIG shares
Industry legend Hank Greenberg and his Starr companies have sold over 27 million shares in his former company, American International Group (AIG), since May.
27 November 2006
MMC to remain intact
MMC’s wholesale arms Price Forbes and Clump are likely to be the only significant units spun-out of the broking giant, the company confirmed last week.
13 June 2005
Munich Re on course for 2005 targets
World’s biggest reinsurer Munich Re says it’s on track to meet its 2005 earnings target after today (9 May) reporting a strong set of first quarter results, with after tax profits of EUR688mn up 26.7 percent on the first three months of 2004.
09 May 2005
Berkshire exits White Mountains in $836mn deal
Berkshire Hathaway Inc has exited its 16.3 percent stake in White Mountains Insurance Group Ltd in a deal that sees the Bermudian insurer pay $751mn in cash and transfer two of its run-off units to the investment giant.
17 March 2008
Allstate profits slump
Allstate Corporation saw profits fall by over 75 percent in the first quarter of 2008 after suffering from a large rise in catastrophe losses.
28 April 2008
Greenberg offloads 27 million AIG shares
Industry legend Hank Greenberg and his Starr companies have sold over 27 million shares in his former company, American International Group (AIG), since May.
21 November 2006
Fortress Re settles Japanese 9/11 claims
Aioi Insurance, Sompo Insurance and Taisei Reinsurance announced last week that they had settled claims against US reinsurance agent Fortress Re over losses related to the 9/11 terrorist attacks.
19 July 2004
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