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  • World's second largest broker Aon has made public efforts this month to clear up comments attributed to outgoing CEO Pat Ryan that he was "not fazed" by the Spitzer and other investigations into the industry, and that he was "very comfortable" with the be
  • The irascible former England Football manager Terry "El Tel" Venables once described mixed feelings as watching your mother-in-law drive over a cliff in your new car, and it is a sentiment which MMC shareholders might have some empathy. Although there
  • Recently merged US insurance giant St Paul Travelers faces losses over and above the $252mn reserve it set aside for a surety exposure on the so-called "Big Dig" project, according to analysts at Lehman Brothers. In a note, equity analyst Chris Winans hi
  • The Insurance Insider has learnt that Brian Jackson, active underwriter on up-for-sale St Paul Syndicate 779, is in advanced negotiations for a deal that would see business novate to Lloyd's managing agency Jubilee.
  • The removal of Jardine Lloyd Thompson Group's chief executive Steve McGill following a profits warning on 26 November has again focused attention on the broker's US expansion strategy.
  • A year after the UK regulator Financial Services Authority issued a consumer warning against the dubious insurer Centennial Insurance Company - or CIC - the British Columbia Financial Institutions Commission ordered the company to stop doing business in t
  • Litigation epic bears bitter sweet fruit for leaseholder with potential $1bn gain The jury in the second round of WTC insurance litigation has delivered its verdict in favour of the building's leaseholder Larry Silverstein. The decision, which the j
  • The beleaguered broking giant MMC took further steps to improve its corporate governance rating last month by firing five senior executives from its board of directors last week.
  • RISK executives criticised in court defeat - but agency fights back with press A heady cocktail of collusion, doctored documents and "implausible" testimony came to light last month after judgement was handed down in a fraud dispute between German rein
  • Broker Aon has stated the potential impact of a mammoth round of energy litigation currently underway in the Royal Courts of Justice. As reported in the March edition of The Insurance Insider, the case was brought by oil giant BP against Swiss Re, AIG,