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  • Ivan's fury fuels energy renewals
    There is increasing evidence that energy renewals have been hard hit by Hurricane Ivan, the Category 5 hurricane that ripped through the Caribbean and Florida in September 2004.
    01 January 2005
  • International News Digest - January 2005
    In our regular monthly News Digest, we round up key stories from the last month, presenting them to you in easily digestable snippets.
    01 January 2005
  • Florida law change
    The Florida House of Representatives and the state Senate have changed the law on multiple deductibles on homeowners’ insurance policies – replacing them instead with a single seasonal deductible. In future, this means that if more than one hurricane caus
    20 December 2004
  • Willis continues overseas expansion with Mexico acquisition
    Willis Group Holdings revealed today (20 December 2004) that it has bought the business of the Mexico insurance broker Maisterrena Asesores.
    20 December 2004
  • Supreme court rules on EL
    A recent decision by the US Supreme Court on environmental liabilities could have profound consequences for the insurance industry, analysts at Morgan Stanley have warned.
    20 December 2004
  • Insurance Institute: 2005 to be first US underwriting profit since 1978
    2004 would have been the best year for the US P&C industry “in decades” were it not the for the third quarter storms, but next year is set to become the first year to witness an underwriting profit since 1978.
    20 December 2004
  • AIG hit by Michigan pension fund lawsuit
    World’s largest insurer AIG is being sued by the State of Michigan for $30mn in losses on its pension fund resulting from the company’s stock falling on allegations that it aided accounting fraud by other companies, and its involvement in the Spitzer prob
    20 December 2004
  • Glacier formed
    Switzerland got a new reinsurer last week with the launch of Glacier Re, a niche, global specialty reinsurer backed by money from legendary investment guru George Soros.
    20 December 2004
  • St Paul confirms Jubilee talks
    Lloyd’s managing agent St Paul Syndicate Management Ltd (SPSM) has confirmed that it is in exclusive negotiations for the sale of its Cassidy Davis life Syndicate 779 to fellow Lloyd’s managing agency Jubilee, and hopes to complete the deal by 18 February
    20 December 2004
  • Guy Carpenter commits to full disclosure to maintain clients in 2005
    With the renewal season in full fling, Marsh’s reinsurance arm Guy Carpenter has committed itself to providing full disclosure to the fees it earns on reinsurance placements.
    20 December 2004
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