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  • Aon's Dennis Mahoney has become involved in Combined's $100m WTC dispute with Lloyd's Dennis Mahoney, the rumbustious docker's son and head of Aon's UK operations, has been charged with responsibility for cajoling Lloyd's underwriters into paying the e
  • The market's tale of woe continues with further loss deterioration overshadowing proposed reforms and increasing premium incomes Lloyd's long awaited 1999 results were published last week accompanied by a pro-forma estimate for the first time of the 20
  • The front page of the business section of yesterday's (20 March) New York Times carried the following headline: “Credit Raters to Explain Enron Role.” The rating agencies' explanations took place yesterday before the Senate Governmental Affairs Committee,
  • One of the few remaining independent Lloyd’s insurers plans to raise private equity capital in expansion drive The largest independent Lloyd’s agency Beazley is planning to raise capital from a consortium of private equity firms as part of a fund raisi
  • Flaky Insurer in London It appears to be de riguer these days for the respectable managing general agency/reinsurance company to have a Belgian on board. In fact, Aim Underwriting Ltd, a London based mga, has three.
  • Despite seeing its investment income collapse 71.9% last year because of the“poor cash flow of the past”, US programme writer Clarendon would appear to have made a remarkable turnaround under the ownership of the world's fifth largest reinsurer Hannover R
  • Dramatic testimony at the Royal Commission hearing into the collapse of Australian insurance company HIH has exposed the "accounting shortcomings" of HIH surrounding its 1998 acquisition of FAI Insurance.
  • Rating agency Standard and Poor's has placed the triple-A ratings of all State Farm operating entities on CreditWatch with negative implications.
  • Berkshire Hathaway's insurance operations violated the ‘Noah’ rule in losing $4.1bn in 2001, according to Warren Buffet's typically folksy letter to Berkshire Hathaway's shareholders.
  • AIG's legendary leader Hank Greenberg reassured shareholders that the company's recent announcements over directors and officers exposures related to the need for higher rates, rather than an indication of a problem.