Another settlement for Equitas
05 April 2005
Lloyd’s asbestos reinsurer Equitas has settled its latest asbestos liability claim, setting up a $US539 million trust account for a subsidiary of US energy services giant…
05 April 2005
Lloyd’s asbestos reinsurer Equitas has settled its latest asbestos liability claim, setting up a $US539 million trust account for a subsidiary of US energy services giant…
05 April 2005
Major US insurance software developer and e-commerce solutions group Ebix had a strong 2004 globally, with net income rising 35% to $US3.12 million…
30 March 2005
Global insurance broker Marsh & McLennan has announced the resignation of its risk and insurance services subsidiary co-president Peter Garvey, less than four months…
30 March 2005
American International Group has fired two top executives who refused to co-operate with an investigation into the insurer’s accounting practices…
30 March 2005
European independent insurance and reinsurance broker Heath Lambert Group has introduced a “Broker Insurer Services Commission”, at a flat rate of 1% of premiums…
15 March 2005
Legendary US insurance leader Maurice “Hank” Greenberg is to step down as CEO of major insurer AIG, according to the Wall Street Journal…
15 March 2005
Global broker Marsh has unveiled its business model for the future, and it involves higher fees and commissions…
15 March 2005
No 3 broker Willis is embroiled in a court battle with authorities in the US state of Minnesota over allegations of conflicts of interest, deceptive practices…
15 March 2005
British insurer Royal & SunAlliance, the one-time owner of Australia’s Promina group, has announced a small but welcome profit for 2004…
08 March 2005
While Eliot Spitzer continues to investigate broker and insurer issues in New York, the National Association of Insurance Commissioners has got in on the act…
08 March 2005
The asbestos agenda is hotting up in the US Senate, with draft bills for asbestos reform creating significant debate among senators…
08 March 2005
The Financial Services Authority, the British version of ASIC and APRA rolled into one, is doing something the Australian regulators have never done…
01 March 2005
Maurice “Hank” Greenberg, the legendary Chairman and CEO of American International Group (AIG), is being investigated by New York Attorney-General Eliot Spitzer…
01 March 2005
Aon Corporation is the latest US broker to have its operations overhauled as a result of a visit by New York Attorney-General Eliot Spitzer…
01 March 2005
California’s Insurance Commissioner John Garamendi is investigating two real estate title insurers and the perks they receive…
22 February 2005
Swiss-based global insurer Zurich Financial Services has reported strong results for 2004 with a net income of $US2.59 billion – a rise of 29% over 2003…
22 February 2005
Three more individuals, one from Marsh and two from AIG, are the latest to face possible jail terms after pleading guilty to criminal charges arising from the investigations…
22 February 2005
Regulators worldwide are getting more nervous about the finite reinsurance contracts many insurers use to smooth out discrepancies in their balance sheets…
22 February 2005
The US Senate has passed the Class Action Fairness Act, which diverts large, multi-state class action lawsuits from state courts into federal courts…
22 February 2005
Insurers in the US and Europe are maintaining pricing discipline in the property/casualty markets despite the influx of extra capacity, according to ratings agency AM Best…