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  • Marsh Global Broking - the division responsible for agreeing Placement Service Agreements (PSAs) with insurers - was conceived with the best of intentions; all the more ironic, then, that it has become demonised as a peddler of kickbacks and bid-rigs by t
  • The New York attorney-general’s extraordinary allegations of bid-rigging at Marsh - and some of the world’s largest P&C insurance companies - have stunned the industry.
  • The New York attorney-general’s extraordinary allegations of bid-rigging at Marsh - and some of the world’s largest P&C insurance companies - have stunned the industry.
  • In our regular monthly News Digest, we round up key stories from the last month, presenting them in easily digestable snippets. The major events of the month - including Spitzer’s complaint - are featured elsewhere in the issue
  • In our regular monthly News Digest, we round up key stories from the last month, presenting them in easily digestable snippets. The major events of the month - including Spitzer’s complaint - are featured elsewhere in the issue
  • 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
  • UK motor insurer Admiral enjoyed a successful stock market debut on Thursday morning, floating on the London Stock Exchange at an offer price of 275p, just above the midpoint of the indicative price range and valuing the company at £711mn.
  • London market insurer Alea heralded a successful half year with interims that showed a more than doubling of underwriting profit to $23.1mn from $11.1mn for the year earlier period.
  • St Paul Travelers was on the receiving end of a favourable court decision last Monday (7 September) as a Pennsylvania district court upheld a previous arbitration award granted to the US insurer, and effectively dismissed a lawsuit brought by bankrupt ins
  • Canadian financial services holding company Fairfax has announced it will buy back up to 950,000 of its subordinate voting shares, accounting for approximately 10 percent of its currently outstanding subordinate voting shares.