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  • QBE Insurance (Europe) has merged its London casualty operations to create an £850mn premium-income underwriting unit.
  • Marsh & McLennan Companies (MMC) should spin-off its Kroll consulting unit as well as the group's Mercer human resources business, according to a Canadian investment firm.
  • US giant American International Group (AIG) announced last week that it has agreed an $813mn takeover deal for 21st Century Insurance Group.
  • "Close the law schools" quipped the legendary AIG chief Maurice "Hank" Greenberg earlier this month in response to a question on what could stem rising tort cost inflation. Controlling the spiraling costs of US tort awards has been a key theme this yea
  • Lloyd's (re)insurer Chaucer has written to Names increasing the offer for unaligned 2004 capacity on its proposed merged Syndicate 1084 from 7.5p to 11p per £1. Chaucer upped the offer after its initial 21 June proposal met with little enthusiasm from
  • Benfield, the privately owned London based reinsurance broker currently debating the merits of staying private, floating or a trade sale, is rumoured to be considering a relocation to Bermuda.
  • Shares in US casualty specialist WR Berkley are again close to its 3 July 52 week high of $54.02 after the insurer unveiled consensus beating half yearlies.
  • Marsh paid downsizing broker HLF Group $53mn for its Australian and New Zealand operations, the latest Securities and Exchange filings of MMC reveal. Marsh's swoop for HLF's Oceanic arm in March 2004 was the latest asset sale by the London headquartere
  • Lloyd's insurer Brit expects to write upwards of £1.15bn total gross premium income in 2003 after strong 2003 renewals and new business flow in the first few months of the year. This projection is based largely on its recent all-paper acquisition of PRI (
  • Aviation lawyer Sean Gates has launched a new legal practice specialising in aerospace, commercial and private equity law. Gates and Partners will include Dan Soffin, and Adosh Chatrath, both former partners with Gates’ former practice Beaumont and Son.