December 2003/3

Despite recent interim results hampered by its ailing banking operation, German insurer Allianz had its AA- rating affirmed by Standard & Poor’s (S&P) last Wednesday.

Rating agencies rallied around beleaguered SCOR after the French reinsurer had its EUR750mn rights issue endorsed by 91 percent of shareholders at an extraordinary general assembly last Monday (1 December) and announced a complete exit from credit derivat

The French and US governments look set for a courtroom showdown after failed attempts to settle a dispute over Credit Lyonnais’ 1991 takeover of failed Californian insurer Executive Life.

There was more insurance industry courtroom drama last week with a mammoth case management conference for the film finance litigation.

Marketform Acquisition Company Limited has attracted £15mn of equity finance from Caledonia Investments plc as it continues to capitalise on the strong rates for non-US medical malpractice and other specialty liability insurance.