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  • Besieged Swiss reinsurer Converium revealed on 4 November that Group CFO Martin Kauer had handed in his resignation and would be leaving the company in early 2005.
  • Companies rarely volunteer to forego a lucrative proportion of their revenue streams but that is exactly what the industry's international brokers and large US retail brokers have been doing in the wake of Spitzer's allegations of price-fixing at Marsh.
  • MMC’s difficulties extend overseas with financial irregularities in Marsh Ireland and the sacking of a senior employee in Marsh Ltd for “misconduct” Marsh's Irish subsidiary Marsh Ireland has revealed that it has a EUR6.7mn hole in its accounts - more
  • Guy Carpenter has appointed Bill Henriques from embattled reinsurer Converium as a senior vice-president in its Professional Liability Specialty Practice.
  • Zurich Financial Services (ZFS) has confirmed the sale of the UK branch of Turegum Insurance Company to Harper Holdings, a wholly-owned subsidiary of Castlewood Holdings Limited.
  • Rating agency AM Best has affirmed the "A" (Excellent) financial strength rating of Aspen Re and assigned an issuer credit rating (ICR) of “a” to the company. In addition, AM Best affirmed the “bbb” ICR of Aspen Re parent, Aspen Insurance Holdings, along
  • 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.
  • Lloyd’s insurer Beazley announced a £105mn Rights Issue today (1 November) with the lion’s share directed to support the additional risk-based capital requirement fuelled by its increased participation on its Lloyd’s Syndicates for the 2005 year.
  • The failure of lawyers Mel Weiss and Bill Lerach to see eye-to-eye led to the dissolution of their legendary shareholder class action law firm Milberg Weiss Bershad Hynes & Lerach LLP into two new partnerships – safely based on either side of the United S
  • Lloyd's insurer Wellington has outsourced its procurement of external professional advisors to back-office specialist Xchanging.