Company Example A

AXA plans fraud defence

Court of Appeal defeat leaves fraud as insurers only defence option as they seek to void film finance losses A landmark Court of Appeal decision has stymied insurers' early successes in voiding film losses that threatens to cost the industry over $2bn

01 September 2001

Six Months That Destroyed Independent

2 January Independent begins the year ostensibly in good cheer. The stock price sat at a record high at 401.5p, valuing the company at almost £1bn and Michael Bright's 6.18% stake at around £60m. But not all was well. In 2000 some of Independent’s rein

01 July 2001

Watch Kemper Very Closely - The Lumbermens Shuffle - by David Schiff

During the first week of 1999, Illinois’ governor, Jim Edgar, signed a bill permitting mutual insurers domiciled in the Land of Lincoln to convert to mutual insurance holding companies (MIHC). For those who may have forgotten the MIHC is a neutron bomb fo

01 July 2001

Independent: Revelations and Recriminations

Allegations of fraud might get brokers off the hook, but their earnings could be affected If it wasn't for the grasping compensation culture, then it's quite conceivable that the Independent empire could have tottered onwards until - presumably - “Bri

01 July 2001

Inside Letters

Flashpoint $1 million fraud victim

01 June 2001

Benfield Blanches out

Benfield’s $179mn acquisition of E W Blanch (EWB) catapults the privately owned broker into the world’s third largest broker reinsurance slot, behind Aon and Guy Carpenter (Marsh) Benfield had made no secret of its desire to expand its US operations. E W

01 May 2001

Inside Letters - Risk & Reward at Lloyd’s

Dear Sir, Re: Laptop: Diversification of Risk I was pleased to see another reference in your January 2001 column to my 1988 MBA dissertation on risk and reward at Lloyd’s. A few minor points might interest you.

01 May 2001

Can Independent recover it's shine?

The former darling of the city is looking lonely after under-reserving When even the house broker is forced to reduce its recommendation to a neutral, you know you are in trouble. Michael Bright, the outgoing chief executive of Independent Insurance P

01 March 2001

Was Flashpoint the victim of fraud?

Flashpoint’s sister company British International Group claims to be a victim of forged Far East binders. In an exclusive investigation, The Insurance Insider investigates David Forrest’s unhappy involvement with the murky world of insurance con-men and c

01 March 2001

Reinsurers Victorious on Film Claims

Controversial film financier Flashpoint calls in administrators and admits to misusing insurers’ monies. S&P react with largest single downgrade of a European bond

01 March 2001

Company Example A

Company type

Miscellaneous

Major offices

Officers