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  • Hardy takes 13% stake in Atrium
    Hardy Underwriting Group (HUG) has acquired a 13.3 percent share in fellow Lloyd's listed vehicle Atrium Underwriting. HUG paid £4.85mn cash for 6.47mn ordinary Atrium shares.
    01 November 2002
  • Berkshire: New support for Trenwick at Lloyd's
    The future of Trenwick's Lloyd's operations was given a boost by the news that Berkshire Hathaway will increase its support for the 2003 year.
    01 November 2002
  • HLF changes year-end to assist 2003 float
    Heath Lambert Fenchurch has sent the strongest signal yet that it plans to return to the public markets next year after its pulled summer IPO by changing its financial year-end. The world's 7th largest broker is changing its year-end from 31 March to come
    01 November 2002
  • Bermudian optimism maintained
    In contrast to many of the stretched European (re)insurers, the Bermudian carriers are benefiting from the ripe conditions as they expand their international profiles
    01 November 2002
  • MRM offers $100mn to settle legion claims
    Allegations in a lawsuit filed against Mutual Risk Management suggest it has offered $100mn to the Pennsylvania Insurance Department for the settlement of all claims relating to its defunct subsidiary Legion Insurance.
    01 November 2002
  • Unicover strikes back
    CIGNA & Lincoln National take charges after arbitration ruling hits pool members The long awaited outcome of the arbitration between Unicover pool participants and their retrocessionaires ended on the 9 October 2002 with a settlement in favour of the
    01 November 2002
  • Aon raises $1bn to restructure debt
    Aon reports impressive 18 percent organic growth but cuts dividend, cancels Combined spin-off and reveals $500mn pension short-fall Aon's recent predilection for the dramatic continued last week when it revealed better than expected third quarter resu
    01 November 2002
  • SEC probe into CIGNA following stock price fall
    Further woes for troubled insurer as SEC investigation follows class action suits CIGNA, the distressed US employee benefits giant currently defending class action suits over alleged violations of the Securities Exchange Act, is now being investigated
    01 November 2002
  • Asbestos strikes back
    R&SA and Syndicate 45 sued by T&N; Hartford sued by Western MacArthur; and Chubb takes $625mn hit as claimants target non-product liability coverage.
    01 November 2002
  • Arbitration at Lloyd's
    Laptop examines an under-used section of the Lloyd’s Act that could give capital providers redress against mismanagement and negligence
    01 November 2002
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