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There are 64,954 results that match your search.64,954 results
  • AIG subpoenaed and bank sued over off balance sheet deals
    The US bank forced to unravel transactions with AIG which knocked $11bn off the value of the world's largest insurance company, is facing a class action suit from aggrieved shareholders. On the 1 February Milberg Weiss, the veteran New York plaintiff atto
    01 February 2002
  • It's not cricket
    London contingency underwriters were victorious in the High Court last month in demanding that an electronics manufacturer pay over £400,000 in premiums on a policy linked to the performance of the Indian cricket team held up because the Indian authoritie
    01 February 2002
  • Wallace - permanent Lloyd's ban
    Andrew Wallace, the former Chief Executive of Crowe Syndicate Management and active underwriter for Syndicate 963 has been banned from Lloyd’s after admitting to charges of misconduct.
    01 February 2002
  • Lloyd's to be given ultimatum
    Overseas investors form new association to demand radical change in the market's structure and cost base which could see the demise of traditional Names Heavyweight Lloyd's insurers are demanding that the market radically restructure, giving rise to fe
    01 December 2001
  • Can the Hard Market End Before it Starts?
    A Tidal Wave of Capital - David Schiff pours on the cold water The capital markets are efficient - in an irrational way. Capital flows towards opportunities that offer superior returns. Paradoxically, those superior returns can fail to materialise if t
    01 December 2001
  • Converium's stock rises
    Reinsurance is back in favour and, with generous subsides, Zurich's unwanted R/I division should enjoy a successful floatation. For sale. One reinsurance company no longer wanted by owner. Embarrassing exposures to Unicover after failed fronting arrang
    01 December 2001
  • Lloyd's increases loss estimates to £1.9bn but claims minimal exposure to Fortress Re
    As widely predicted, Lloyd's increased its estimated net exposures to the WTC attacks by forty-five percent from £1.3bn to £1.9bn. As a consequence, the market has increased its estimated losses for the 2000 year from £0.7bn to £1.49bn. And increased its
    01 December 2001
  • American Re - $506m loss for third quarter
    The Munich Re subsidiary American Re has reported a net loss of $506.5mn for the third quarter of 2001.
    01 December 2001
  • SVB increases loss estimate by 50 percent
    Embattled Lloyd's insurer SVB are the latest carrier to increase their loss estimates to the 11 September attacks.
    01 December 2001
  • Wellington to sponsor London based underwriting vehicle
    Wellington Underwriting plc has announced that the Group's managed syndicate 2020 plans to double its underwriting capacity to $1bn for 2002, and that the Group was examining the options available to raise the capital needed to support the growth of the b
    01 December 2001
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