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ACE expands into Eastern Europe
Bermudian giant ACE is looking to increase its activity in the emerging markets of Eastern Europe, with the news last Thursday (24 March) that it has received regulatory approval to begin underwriting commercial property casualty business out of its Polis
29 March 2005
Aviation market agrees reforms to ‘promote competition and transparency’
The long awaited conclusions of the European Commission’s (EC) probe into alleged anti-competitive practices employed by aviation insurers in the aftermath of 9/11 were revealed last week along with a series of binding reforms to “promote competition and
29 March 2005
BP’s strategy will limit industry bill
BP’s strategy of self-insurance will ensure that the liabilities arising from the deadly explosion at its Texan oil refinery last week remain largely with the oil giant.
29 March 2005
Garvey goes from Marsh; Willis poaches staff
Senior Marsh executives Peter F. Garvey and William A. Malloy are not the closest of friends – indeed their relationship is such that eyebrows were raised among Marsh insiders when they were promoted, amidst the maelstrom unleashed by Spitzer last year, t
29 March 2005
Slim line SCOR back in the black
French reinsurer SCOR looks to have put the difficulties of 2003 behind it as it reported a return to profitability last week (24 March) and earned an upgrade from Fitch Ratings – despite record natural catastrophe losses in 2004 and a fourth quarter rese
29 March 2005
Asbestos - Turner & Newall
(1) T&N LIMITED (formerly known as Turner & Newall Plc and Turner and Newall Limited) (In Administration) (2) the ASSOCIATED COMPANIES of T&N Limited identified in attached Schedules 1& 2 (Claimants) -and- (1) ROYAL & SUN ALLIANCE INSURANCE PLC
22 March 2005
Aon’s Charman legacy
Neil Strong joins Willis after a hellish summer defending Aon’s practices in placing John Charman’s whole account reinsurance programme
22 March 2005
Aon Class Action
Aon sued by disgruntled shareholders. DANIEL & RAZIEL TAUBENFELD JT, individually and on behalf of all others similarly situated (Plantiff) v AON CORPORATION, PATRICK.G.RYAN and HARVEY.N.MEDVIN (Defendants)
22 March 2005
Chubb’s ‘A++’ rating unchanged
Ratings agency AM Best has affirmed the financial strength rating of the P&C subsidiaries of US insurer Chubb at “A++” (Superior).
21 March 2005
Clements steps down at Arch, Ingrey steps up
Industry grandee Bob Clements, the founding chairman of Bermuda’s Arch Capital, is to step down from his position at the company, with current vice-chairman Paul Ingrey taking his place at the beginning of next month (1 April 2005).
21 March 2005
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