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SEC opens up new front against MMC with Trident investigation
The Securities and Exchange Commission formally opened an investigation into Marsh & McLennan Companies’ relationship with its private equity arm, MMC Capital, and its managed Trident investment funds, last month.
04 January 2005
Hampden Agencies move for CBS executives
Lloyd’s members’ agency Hampden Agencies moved swiftly last month to recruit two senior Names executives made redundant by rival agency CBS Private Capital Ltd.
04 January 2005
US run-off association gets off the ground
The increasing role of the run-off sector in the global (re)insurance industry has been reflected in the formation of the first US trade body for active and run-off companies, receivers and liquidators, and their representatives.
04 January 2005
AJ Gallagher’s attracts JLT Re Solutions executives
AJ Gallagher has plundered from the management of Jardine Lloyd Thompson’s US based reinsurance operations, JLT Re Solutions, Insider Week can reveal.
04 January 2005
Tsunami death toll mounts
But poverty and low insurance penetration rates limit industry impact Despite the loss of hundreds of thousands of lives and the destruction of wide swathes of property across 13 countries, the insurance industry appears to have emerged relatively unsc
04 January 2005
Banc of America boosts MMC with upgrade
Analysts at Banc of America Securities provided a New Year boost to MMC by upgrading their stance on the world’s largest insurance broker from “neutral” to “buy”.
04 January 2005
RK Carvill’s US West Coast operations in MBO
Reinsurance broker RK Carvill has sold its US West Coast operations to its president Brendan Roche for an undisclosed sum.
04 January 2005
SEC examines General Re’s finite reinsurance products
Berkshire Hathaway confirmed last week that its reinsurance arm General Re has received a request from the Securities and Exchange Commission for information relating to its sale of “non-traditional or loss mitigation insurance products”.
04 January 2005
US P/C results unbowed by hurricanes
Strong results in the US property casualty sector were sustained throughout the first three quarters of 2004, as companies stood firm against the battering from the quartet of hurricanes that swept the Caribbean and South Eastern States last autumn.
04 January 2005
HCC channels funds to premium growth
US insurer HCC Insurance Holdings confirmed last week that the lion’s share of funds raised in its recent share offering would go to its insurance company subsidiaries.
04 January 2005
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