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Company Example A

Overview
Content
Data

Company type

Insurance-Linked Securities (ILS) and Investment Managers

Miscellaneous

Founded
1896

Major offices

Zurich, CH (headquarters)
Nassau, BS

Officers

Smedley MacGuffin (CEO)

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  • The legend goes like this: a man asked the omniscient J. P. Morgan what was in store for the stock market. “It will fluctuate,” was Morgan's self-evident, but wise, answer. This leads us to the question: what's in store for the insurance market? It
  • Laptop asks whether Names are still able to write a spread book at Lloyd’s and (again) calls for improved methods of business classification The opportunity for Bespoke Names to minimise their risk through a properly spread book has shrunk to worrying
  • New impetus needed as Willis fails to match competitors’ growth The world’s third largest insurance broker Willis Group is preparing a summer shake-up that may result in a strategic tie-up with a US financial services group. As part of the move, they p
  • The recent Improvement in share prices has seen a return to buying by Market Insiders Confidence has returned to the directors of the insurance sectors’ quoted companies. Boosted by signs of a strong rating recovery in most business classes, insiders h
  • Further consolidation expected as the fortunes of the quoted Lloyd’s insurers’ improve With a total market capitalisation of around £2bn, it is absurd to talk about the dozen quoted Lloyd's stocks as a “sector” (by way of comparison SVB, the largest qu
  • Zurich deny cover on WTC shopping mall Zurich are denying they insured the WTC shoping mall after the leaseholder Westfield America Inc claimed for losses arising from the 11 September attacks.
  • 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
  • The Munich Re subsidiary American Re has reported a net loss of $506.5mn for the third quarter of 2001.
  • Lloyd's insurer Goshawk is doubling its size and establishing a £100mn capitalised Bermudian reinsurer Goshawk Re to exploit the post 11 September market.
  • Equitas are still facing a rising tide in asbestos claims according to their results for the first six months of 2001.