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There are 65,129 results that match your search.65,129 results
  • HIH: incompetence at heart
    Although under-reserved and badly run, HIH was more a victim of incompetence rather than corruption. But the improper use of reinsurance helped prolong its tenure Royal Commissioner Neville Owen’s restrained report into the 2001 collapse of HIH Insura
    01 May 2003
  • In the limelight - Snide casts his caustic eye over the market...(May 2003)
    Bright’s gloomy prospects Snide is surprised that no buyer has been found for former Independent boss Michael Bright’s splendid residence, The Oasts in Smarden, Kent. Following the insurer’s 2001 demise, “Brighty” filed for bankruptcy and put his ho
    01 May 2003
  • US Supreme Court gives heart to insurers
    In a welcome reversal of type, the US Supreme court delivered a pro insurer judgement earlier this month restricting the scale of punitive damage awards. In State Farm Mutual vs Campbell et al, the US Supreme Court decided by a 6-3 majority that puniti
    01 April 2003
  • Credit derivatives: industry exposed?
    Buffett blast derives credit and criticism. Should (re)insurance investors be concerned? When the Sage of Omaha sounds a warning signal, the insurance world usually tunes in. So when Warren Buffett wrote his annual letter to Berkshire Hathaway shar
    01 April 2003
  • Hannover fails to answer critics
    Despite impressive underwriting results, doubts continue over Hannover Re’s stretched capital base, rating downgrades and heavy reinsurance exposures Poor Hannover Re. The world's fifth largest reinsurer declares a healthy profit, out-performs its pee
    01 April 2003
  • Lloyd's results show 2000 misery
    Impressive turn-around in 2002 but 2000 yr figures deteriorate beyond £2bn mark Last month, The Insider’s analysis of the early 2000 results suggested that 11th quarter forecasts were unlikely to deviate significantly enough to push the loss for the y
    01 April 2003
  • D&O returns to Lloyd's
    US Directors & Officers cover is returning to Lloyd's after an almost complete withdrawal 18 months ago. Beazley is in negotiations to put together a $10mn Lloyd's facility in conjunction with other underwriters thought to include Hiscox. Beazley recently
    01 April 2003
  • Lloyd's faces Central Fund fight
    Lloyd's was lauded in some quarters at the beginning of the month; praised for a record return to profit after years of losses, congratulated for its peer beating combined ratio, and bandied about as a unique performer in an otherwise depressed industry.
    01 April 2003
  • PRI loses sight of white knight
    Shareholder backed Brit the only bidder after breaking PRI board’s resolve The board of UK insurer PRI finally succumbed to the weight of Brit pressure on 17 April when it agreed to recommend the insurer’s all share offer to its shareholders. Approval
    01 April 2003
  • GoshawK takes hit on death insurance
    Lloyd's insurer unveils disappointing results and agrees to reverse out £27mn of earned premiums from controversial viatical insurance GoshawK's involvement with viatical business - the controversial practice of buying life insurance policies off the
    01 April 2003
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