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  • WTC trial delayed
    The second phase of the World Trade Center insurance coverage trial is now scheduled to begin on 12 October in New York, after being postponed last week.
    04 October 2004
  • Ryan’s departure from Aon may spark overhaul
    The announcement by Aon that its patriarchal chairman and chief executive Pat Ryan will step down may ignite speculation that the firm could undergo a significant overhaul.
    04 October 2004
  • Oxygen seeks new blood
    Sandler and Fisher signed up by new London Market intermediary London market intermediary start-up Oxygen opens its doors for trading today (4 October) with the backing of an impressive array of investors and senior management, and a mission to attr
    04 October 2004
  • AIG probe goes criminal
    World's largest insurer AIG confirmed on Wednesday that one of its business units was now under criminal investigation by the US Department of Justice for alleged violations of federal securities laws.
    04 October 2004
  • Broking giant facing criminal probe over PSA commissions
    US regulators are set to up the ante in their investigations of broker commission structures by broadening their scope to include possible criminal charges, Insider Week can reveal.
    04 October 2004
  • US storms tear through 3Q earnings
    Bermuda and Lloyd’s struck Loss estimates from this year’s brutal US hurricane season have continued to come in over the past week – and for the first time there is a question mark over how well some insurers and reinsurers will be able to withstand th
    04 October 2004
  • Ex GoshawK chief in buy-out attempt
    Chris Fagan, the former chief executive of insurer GoshawK, is behind an attempt from a Japanese private equity house to take the UK listed company private. Fagan was ousted from GoshawK last year following the collapse of its Lloyd's Syndicate 102 la
    01 October 2004
  • Is reinsurance leveraging next to be targeted?
    Spitzer is also examing the practice of 'tying-in' When Daniel J Popeo, chairman of the US think tank Washington Legal Foundation, complained to Eliot Spitzer about the activities of the global brokers on 10 February, the immediate attention was on so
    01 October 2004
  • Spitzer will demand Marsh pays back 'illegal' profits
    MMC may be forced to hand $bns earned from PSAs back to its clients Marsh, the world's largest insurance broker, is in major trouble. At time of going to press, New York's attorney-general Eliot Spitzer appears close to achieving one of his first objec
    01 October 2004
  • AIG probe goes criminal
    World's largest insurer AIG confirmed on 29 September that one of its business units was now under criminal investigation by the US Department of Justice for alleged violations of federal securities laws.
    01 October 2004
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