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  • Insurance specialists DLA and Piper Rudnick are to merge, creating the third largest legal services provider in the world, based on the number of lawyers, and the second largest based on revenue, according to the latest AmLaw Global 100 rankings.
  • Analysts at Banc of America Securities provided a New Year boost to MMC by upgrading their stance on the world’s largest insurance broker from “neutral” to “buy”.
  • Swiss Re’s 30 St Mary Axe building has another tenant, as Lloyd’s managing agent Creechurch Underwriting Limited moves in today (18 April).
  • 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.
  • Analysts at Banc of America Securities provided a New Year boost to MMC by upgrading their stance on the world's largest insurance broker from "neutral" to "buy".
  • World’s largest insurer AIG is being sued by the State of Michigan for $30mn in losses on its pension fund resulting from the company’s stock falling on allegations that it aided accounting fraud by other companies, and its involvement in the Spitzer prob
  • RK Carvill acted swiftly to replace the departed Ron Carlier by promoting John Cavanagh and David Thomas as joint chief executives of the reinsurance broker last week.
  • A US Federal court struck out 20 class-action lawsuits which alleged that the Italian insurance giant Assicurazioni Generali withheld payments to holocaust victims.
  • Aon’s share price fell 8 percent in early trading today as investors were spooked by a New York Times article which suggested Eliot Spitzer has also uncovered business practices at the world’s second largest insurance broker.
  • Broker Aon has stated the potential impact of a mammoth round of energy litigation currently underway in the Royal Courts of Justice.