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There are 69,015 results that match your search.69,015 results
  • Contingent commission abolition to cut 25 percent from brokers’ bottom line, says report
    Leading brokers could see up to a quarter of their bottom line earnings eroded as a result of abandoning contingency commissions, according to a survey by investment banking and financial consulting outfit WFG Capital Advisors.
    22 November 2004
  • PSA investigation spurs regulators’ zeal
    Although the New York attorney general set the wheels in motion, last week provided ample evidence that many other US regulators are proving equally zealous in probing the insurance industry for apparent defects.
    22 November 2004
  • Nikko confirms breakdown of GoshawK talks
    The mooted takeover of GoshawK, the UK listed owner of Rosemont Re, has been ruled out by Nikko, the Japanese private equity firm which was given a deadline of 23 November to make firm its declaration of interest.
    22 November 2004
  • R+V wins London fraud dispute
    A heady cocktail of collusion, doctored documents and “implausible” testimony has come to light after judgement was handed down last week in a fraud dispute between German reinsurer R+V and former Lloyd’s managing agency Risk.
    22 November 2004
  • MMC culls board insiders
    The beleaguered broking giant MMC took further steps to improve its corporate governance rating by firing five senior executives from its board of directors last week.
    22 November 2004
  • Willis wins Fortune account from Marsh
    Willis’ hopes that it may be the main beneficiary from any client fall-out at Marsh were boosted last week with the revelation that Fortune brands – a company named in Spitzer’s 14 October lawsuit – appointed Willis to replace the world’s largest broker.
    22 November 2004
  • PXRE expands capacity with $83mn fund raising
    PXRE’s Bermudian reinsurance arm PXRE Reinsurance Ltd will have an additional $83mn of capital to support its 2005 underwriting following the group’s successful fund raising.
    22 November 2004
  • XL chief warns of challenges facing industry
    Hurricanes, unresolved WTC losses, unreliable catastrophe modelling, PSAs: these are just some of the challenges faced by the global insurance industry for 2005 according to XL chief executive of Insurance Operations Clive Tobin.
    22 November 2004
  • The Hartford buys cat loss bond
    US property casualty giant The Hartford announced last Thursday (18 November) that it has bought a $247.5mn cat bond from Cayman Island reinsurance company Foundation Re “to enhance its ability to manage risk related to large natural catastrophes”.
    22 November 2004
  • WTC jury deliberations ongoing
    The verdict on the latest round of WTC insurance litigation is still hanging in the balance, as Insider Week goes to press.
    22 November 2004
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