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Markel rides 2004 storms
The Markel Corporation has brushed aside 2004’s long list of natural catastrophes by reporting record profits for the year.
31 January 2005
CIAB figures support softening market
Fourth quarter 2004 figures from The Council of Insurance Agents & Brokers (CIAB) reveal a climate of significant softening of rates in the commercial property casualty market.
31 January 2005
AXA in the pink on sales recovery
Paris headquartered insurer Axa has reported a modest increase in its 2004 sales, helped by a recovery in American life and savings revenues and premium gains from its P&C business.
31 January 2005
Hartford ups 2005 expectations on bullish rates view
US insurer The Hartford has raised its earnings expectations on the back of an optimistic outlook for the rating environment in 2005.
31 January 2005
Wallas leaves Glencairn
Andrew Wallas, the chairman of London market broker Glencairn Ltd, has left the company, Insider Week can reveal.
31 January 2005
MMC Capital closes London office
Marsh & McLennan’s private equity arm MMC Capital closed its London office on Friday but there is still no announcement on whether the unit will be spun-off.
31 January 2005
Marsh defections gather pace
As exclusively revealed in a special report from The Insurance Insider last Thursday (27 January), Britain’s second largest listed insurance company Prudential plc has replaced its insurance broker Marsh Ltd with its UK rival Aon.
31 January 2005
Spitzer agrees $850mn settlement with Marsh
World’s largest broker Marsh has today (31 January 2005) announced an $850mn settlement with Eliot Spitzer to end the New York attorney general’s probe into so-called contingent commissions and bid rigging.
31 January 2005
Tort reform update: MedMal progress at last, class action reform closer?
Tort reformists in the US have received a boost with the news that the Senate judiciary committee approved a series of changes to state laws governing civil lawsuits in medical malpractice cases last Thursday (27 January).
31 January 2005
Willis acquires Californian benefits broker
Willis Group Holdings Ltd continued its strategy of selectively acquiring regional specialists by announcing that it has signed a definitive agreement to acquire the Californian employee benefits broker PRIMARY Worldwide Corporation.
31 January 2005
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