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  • Marsh UK sacking 'tip of the iceberg'? Last year, UK Broker Heath Lambert lost a lucrative reinsurance account with the Australian Federal government after it admitted receiving "unauthorized commissions". It was an offence apparently similar to th
  • MMC to lose thousands of staff In late September, senior Marsh executives from the broker's executive liability arm FINPRO met at a restaurant in New York to be told the broker would be making over a thousand redundancies which would include losses fro
  • As third quarter results begin to filter through from US and Bermudian property casualty (re)insurers, the full impact of the season’s quartet of hurricanes is becoming clearer, with interim results hit hard across the board.
  • Eliot Spitzer gave further indication last week that he is looking for Marsh to disgorge a significant proportion of its Placement Service Agreement revenues as settlement for the civil action filed against the broker on 14 October.
  • Companies rarely volunteer to forego a lucrative proportion of their revenue streams but that is exactly what the industry’s international brokers have been doing in the wake of Spitzer’s allegations of price-fixing at Marsh.
  • Evidence suggests the cumulative effect of the US storms may reach $30bn Foresight is something the global reinsurance industry would love to possess but, in the absence of catastrophe astrologers, it has to rely on more conventional methods, such as c
  • Lloyd's insurer Wellington has outsourced its procurement of external professional advisors to back-office specialist Xchanging.
  • SEC and Department of Justice launch separate, renewed investigations into PNC and Brightpoint transactions; PR firm slammed for 'Talking Heads' ruse... Fresh from fending off accusations of PSA-related bid-rigging and fraud, world's largest insurer AI
  • In our regular monthly News Digest, we round up key stories from the last month, presenting them to you in easily digestable snippets.
  • In our regular monthly News Digest, we round up key stories from the last month, presenting them to you in easily digestable snippets.