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April 2002/1

  • Wintherthur International America Insurance Co, a subsidiary of XL Capital, has filed a suit against aviation parts manufacturer Goodrich Corp after it claimed for lost revenues due to the 11 September attacks.
  • An arbitration panel has ruled in favour of Realm National, Stirling Cooke Brown's C++ rated property and casualty reinsurer, in its dispute with John Hancock over a workers' compensation carve out reinsurance.
  • Wellington are planning a 50 percent increase in capacity after agreeing terms for quota share reinsurance and a new parallel syndicate.
  • 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