Shares in US insurance companies took a battering yesterday in the wake of the New York state attorney's probe into contingent commissions at Marsh & McLennan.
Marsh & McLennan shares tumbled 5.8% yesterday to close at $24.10, bringing its total fall to 50% since the inquiry was announced last Thursday. Ace dropped 6.4% to $33.10.
Aon stock fell almost 10% to $19.20.
Unitedhealthcare share prices lost 9.3% to $66.50 and at Aetna, which also received a subpoena, stock prices fell 11.8% to $86.17.
The 2025 Insurance Times Awards took place on the evening of Wednesday 3rd December in the iconic Great Room of London’s Grosvenor House.
Hosted by comedian and actor Tom Allen, 34 Gold, 23 Silver and 22 Bronze awards were handed out across an amazing 34 categories recognising brilliance and innovation right across the breadth of UK general insurance.
Hosted by comedian and actor Tom Allen, 34 Gold, 23 Silver and 22 Bronze awards were handed out across an amazing 34 categories recognising brilliance and innovation right across the breadth of UK general insurance.
Many congratulations to all the worthy winners and as always, huge thanks to our sponsors for their support and our judges for their expertise.
