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  • 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
  • Sirius - to be spun-off?
    The future of (re)insurer Sirius International is uncertain after its parent revealed its 2002 earnings will be less than expected.
    01 November 2002
  • Central Fund exposed to giant Aon energy claim
    Losses from the collapsed Aon 77 energy lineslip to be contested in the High Court with the Central Fund and Aon’s E&O insurers exposed to outcome Lloyd's Central Fund may be forced to pick up the losses from Aon's collapsed energy lineslip regardless
    01 November 2002
  • Lloyd's broker rejects Aon bid
    Newman, Martin & Buchan Ltd, the Lloyd's energy reinsurance broker, has rejected a surprise takeover bid from Aon. According to market sources, NMB's chairman and cofounder Gordan Newman flew to Aon's Chicago headquarters recently to meet with Pat Ryan, t
    01 November 2002
  • Barton still committed to reforms
    A Serb and two Germans reflect the international flavour of Faraday's senior management, after the departure of the group's former chief executive Nigel Barton last month.
    01 November 2002
  • London withdraws further from US D&O
    London's rapid retreat from US Directors’ & Officers’ coverage has begun to look like total capitulation after the withdrawal of Faraday and the departure of a leading AIG underwriter within days of each other.
    01 November 2002
  • SCOR's Blondeau falls on sword
    SCOR’s longstanding chairman and ceo Jacques Blondeau has paid the price for the reinsurer’s miserable results and rating downgrades by resigning from the group. Last month SCOR, the world’s 8th largest reinsurer, issued a profits warning and predicted
    01 November 2002
  • Near North consolidates Aon allegations
    The feud between Aon and its Chicago rival Near North Insurance Brokerage reached a new intensity last month when Near North consolidated its allegations against Aon and some of its employers for civil conspiracy, cyber crimes and breaches of trade secret
    01 November 2002
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