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Hiscox European appointment
Hiscox plc has appointed XL D&O underwriter Marc van der Veer as managing director of the group’s retail operations in continental Europe.
16 May 2005
Ex-JLT boss joins Aon in senior client role
Steve McGill, the former chief executive of Jardine Lloyd Thompson Group plc, has left his short consultancy role at Benfield Group to join Aon Corp.
16 May 2005
AIG: six more senior executives make untimely exit
Under-the-cosh insurance giant AIG was facing more fallout from its errant accounting practices today when it was reported in the Wall Street Journal that a further “six or more” senior executives will be forced to leave the company in the next two weeks.
16 May 2005
Prettejohn refuses to rule out contract certainty sanctions
Lloyd's CEO Nick Prettejohn has called on London Market brokers and underwriters to voluntarily embrace contract certainty initiatives ahead of the FSA's 2006 deadline.
13 May 2005
SEC serves Wells notices on Gen Re executives
The fall out from the $500mn transaction between AIG and Berkshire Hathaway subsidiary General Re (Gen Re) that brought down Greenberg continues, with reports in the Wall Street Journal that the US Securities and Exchange Commission...
13 May 2005
Bermudian Q1s damaged
ACE reported first quarter net profits marginally down, making $433mn or $1.46 a share compared to the $447mn or $1.53 a share it recorded in the first three months of 2004.
13 May 2005
Broker fortunes mixed post Spitzer
Marsh & McLennan Companies (MMC), the parent of world's largest broker Marsh, reported first quarter net income of $134mn, or $0.25 a share, well down on the $446mn or $0.83 a share booked in the first three months of 2004.
13 May 2005
FirstCity: Graham leaves, Burnhope promoted
Privately owned Lloyd's broker FirstCity Partnership has parted company with senior executive Roddy Graham only days after promoting Stephen Burnhope to the head of its financial institutions and professional lines, The Insurance Insider understands.
13 May 2005
Marsh to sign up to Beazley framework
Marsh UK is set to join rival Aon in formally agreeing a proposed framework for its new broking model with the Beazley Working Party, The Insurance Insider can reveal.
13 May 2005
International News Digest - May 2005
In our regular monthly News Digest, we round up key stories from the last month, presenting them to you in easily digestable snippets.
13 May 2005
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