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  • World's largest insurance broker Marsh & McLennan has announced that it will pay its new chief executive Michael Cherkasky at least $3.5mn in salary and bonus for 2005 under a new three-year employment contract.
  • Ratings agency Standard & Poor's (S&P) has confirmed that its ratings and outlook on legal expenses insurance underwriter DAS remain unchanged. This follows the suspension of members of DAS’s senior management team, after it emerged they were...
  • Abacus Syndicates is bucking the trend among Lloyd's insurers, by applying to expand both its Syndicates' capacity next year.
  • Aon Corp was the last of the three global brokers to report its second quarter results last week and they were perhaps the least remarkable.
  • The US buy-out firm Cerberus Capital Management is conducting due diligence into Gerling with a view to buying the German insurer, according to reports.
  • Aon Corp was the last of the three global brokers to report its second quarter results this week and they were perhaps the least remarkable.
  • US Insurer WR Berkley Corp revealed on Friday (23 September) that it may raise up to $1bn from the issue of debt securities and the sale of stock and other securities. In a filing with the Securities & Exchange Commission (SEC), the company said it...
  • Equitas are still facing a rising tide in asbestos claims according to their results for the first six months of 2001.
  • The president and chief operating officer of US broker Hilb Rogal & Hobbs Co. (HRH) resigned last week (26 May) after evidence was uncovered of his involvement in illegal payments in exchange for steering accounts to insurers.
  • SCOR will acquire one of the last trading arms of the defunct Alea Group after announcing this morning that it has agreed terms for the renewal rights of Alea Europe AG. Under the agreement, the French reinsurer will pay Alea Europe a commission...