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Members’ Agents still split on Chaucer
Despite last month’s decision by Lloyd’s to approve Chaucer’s syndicate merger plans, it seems the fiery response from elements of the Members' Agents has yet to be doused.
01 September 2003
Omega scales back expansion but appoints key European team
Lloyd's insurer Omega Underwriting Agents was forced to scale back its 2004 expansion plans following the failure of some members agents to fully support its ambitions. Nevertheless, the manager of Syndicate 958 will still expand its 2004 capacity by
01 October 2003
Marsh CEO performs u-turn on resignation
Tim Mahoney, the senior Marsh Inc executive who was heading for rival firm Integro Ltd last week has performed a u-turn over the weekend after receiving a "vastly improved offer" from the broker.
10 September 2007
Aon chairman to sell $146mn in shares
Pat Ryan, the founding chairman of broking giant Aon Corp, last month announced plans to sell five million shares in the company, equivalent to some $146mn, last month.
12 September 2005
HRH $30mn settlement allows contingent commissions on agency business
US broker Hilb Rogal & Hobbs Company has settled with Connecticut regulators investigating the firm over alleged compensation abuses.
12 September 2005
Bank of America mulls over brokerage sale
Bank of America Corp has said it is considering the sale of its brokerage business, Banc of America Corporate Insurance Agency LLC.
21 May 2007
Royal Indemnity settles student finance litigation
Royal Indemnity, previously the US arm of Royal & Sun Alliance (R&SA), has settled with MBIA Inc, one of the plaintiffs in the Student Finance Corporation litigation.
10 April 2007
Rating agencies down on Royal
Standard & Poor’s (S&P) has echoed rating agency rival Moody’s concerns over the capital adequacy of Royal &Sun Alliance’s (R&SA) US operations.
14 July 2003
Senator Hatch’s bipartisan plans
As widely expected and reported in issue 70 of Insider Week, Republican Senator Orrin Hatch introduced his much anticipated bipartisan bill last Thursday to establish a $108bn trust fund to provide compensation to asbestos victims. The Senator announced h
27 May 2003
HBOS recruits Aon UK COO
UK Bank HBOS plc has appointed the Aon UK chief operating officer Philip Gore-Randall to join the firm as part of a wider restructuring of its management.
13 August 2007
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