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Pleural plaques ruling goes against insurers
A UK court has ruled that insurers will have to pay compensation to thousands of people with pleural plaques, the scarring on the lung lining that indicates exposure to asbestos.
01 February 2005
Willis wholesale spin-off may set new trend
The integrated broking model may become a thing of the past if, as expected, the sale by Willis of its wholesale arm is repeated by the other major broking groups.
01 February 2005
Ex JP Morgan chief in running for Ryan role
Former JP Morgan Chase & Co vice-chairman Donald Layton has emerged as a front-runner to replace Aon Corporation’s founding chief executive Pat Ryan, The Insurance Insider can reveal.
01 February 2005
International News Digest - February 2005
In our regular News Digest, we round up key stories from the last month, presenting them to you in easily digestable snippets.
01 February 2005
AJ Gallagher rebrands reinsurance arm
The world’s fourth largest insurance intermediary, Arthur J Gallagher & Co, has merged its reinsurance units and rebranded them as Gallagher RE, the company announced last week.
31 January 2005
Mercer Consulting restructures
Marsh & McLennan announced that it has restructured its consulting arm Mercer Inc into two units and that its president Peter Coster would retire after spending 40 years at the firm.
31 January 2005
Lloyd’s tsunami hit lower than $500mn
The Indian Ocean tsunami will probably cost Lloyd’s insurers less than $500mn, the Corporation’s chairman has claimed.
31 January 2005
R&SA in court for GM asbestos claims
UK insurer Royal and Sun Alliance (R&SA) is being sued by car manufacturer General Motors Corp for failing to pay millions of dollars of asbestos claims, it emerged last week.
31 January 2005
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
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