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There are 68,998 results that match your search.68,998 results
  • Aon settles for $190mn as regulators air allegations
    As predicted in the February edition of The Insurance Insider, Aon Corp has struck a nationwide agreement with US regulators to settle the bid-rigging, kickback and steering investigations into the broking giant.
    07 March 2005
  • Hardy share price suffers on profits warning
    Lloyd’s specialist helicopter insurer Hardy Underwriting Group Plc announced last Friday (4 March) that it has made strong profits on its Syndicate 382’s 2002 year of account, but warned that it expects to make pre-tax profits of £8mn when it reports its
    07 March 2005
  • MMC culls a further 2500 jobs to cut costs
    Embattled broking giant Marsh & McLennan Companies Inc is to shed a further 2,500 people in its global operations in a bid to save $375mn a year. The broker confirmed the job cuts in revealing its 2004 results that saw earnings decimated by the impact
    07 March 2005
  • Wellington hit, but raises dividend
    Wellington Underwriting Plc saw its pre-tax profits fall by a third to £78.1mn (2003 £116.7mn) but raised its dividend on the back of strong underwriting returns.
    07 March 2005
  • CNA subpoenaed over finite reinsurance
    US insurer CNA has become the latest company to be subpoenaed in connection with ongoing investigations into the practice of finite reinsurance. In its 10-K annual report filing, CNA revealed that it has received both subpoenas and interrogatories from
    07 March 2005
  • Buffett happy with insurance operations, unhappy with self
    A drop in underwriting profits from $1.72bn to $1.55bn from its (re)insurance operations contributed to Warren Buffett-managed investment conglomerate Berkshire Hathaway posting net earnings of $7.31bn for 2004, down on the $8.15bn it recorded in 2003.
    07 March 2005
  • Davis to lead MMC Capital MBO; Greenberg to reappear?
    MMC Capital’s chief executive Charles Davis is to lead a management buy-out of the private equity firm from its parent, the broking giant Marsh & McLennan Companies. The former Goldman Sachs banker confirmed last week that the firm will be spun-out of
    07 March 2005
  • Reinsurers dispute Aon’s WTC PA liability
    Court case calls into question scope of Aon’s personal accident reinsurance Claim and counter-claim echoed across the oak-panelled walls of Court 11 at London’s Royal Courts of Justice today as a legal dispute between Aon’s insurance company and its re
    07 March 2005
  • Converium ousts chief executive
    After a tumultuous six months, the Board of directors of Swiss reinsurer Converium have replaced chief executive Dirk Lohmann with the company’s managing director Terry G Clarke.
    28 February 2005
  • Platinum feels force of hurricanes
    Bermudian Platinum Underwriters Holdings, the parent company of St Paul spin-off Platinum Re, last week (22 February) reported 2004 net income of $84.8mn or $1.81 per diluted share, down $60mn on the previous year, as the impact of record natural catastro
    28 February 2005
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