February 2005/1
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Willis has downplayed fears that it could be next in the firing line of former WTC leaseholder Larry Silverstein after the account for New York's Freedom Tower was transferred to rivals Aon earlier this month.
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Broking giant Aon Corporation is in advanced settlement talks with US regulators including New York attorney-general Eliot Spitzer, The Insurance Insider understands. According to sources, Aon Corporation is looking to agree a deal that will sweep up
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US insurers: cat losses fail to dampen strong results - But shadow of Spitzer continues to loom.....AIG: premiums grow but finite probe casts pall on good news World's largest insurer AIG said last week that its fourth quarter results included a net post-tax charge of $126.9mn, or $0.05 per share, in connection with late reported losses from hurrican
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Names' capacity continues to shrink while UK listed corporates begin to dominate: just two of the findings of The Insurance Insider's analysis of Lloyd's 2005 capital base The proportion of capacity supplied by Lloyd's Names to the market continued to
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The sudden departure of Marie-Louise Rossi from the International Association of Underwriting (IUA) led to suggestions her parting was less than amicable - a view the IUA refused to contradict.
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Lloyd's lost out in round one of the Central Fund reinsurance contract dispute after the panel in the first stage of the arbitration tribunal found the lead reinsurer Swiss Re "prima facie entitled to avoid the policy", based on the way the risk was prese
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In our regular News Digest, we round up key stories from the last month, presenting them to you in easily digestable snippets.
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Lloyd's insurer aims to exorcise US casualty spectre in bid to avoid run-off The Lloyd's insurer SVB Holdings Plc is working on a restructuring package that would ring-fence the group from its devastating US casualty exposures, The Insurance Insider c
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The past month has seen the first serious indications that business may be beginning to desert broker Marsh for its rivals. At the start of February, the broker admitted that Britain's second largest listed insurance company Prudential plc had migrated
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A further three employees have pleaded guilty to criminal charges in connection with bid-rigging investigations by New York attorney general Eliot Spitzer.
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Settlement brings partial closure on commission controversy as focus shifts to implementing new business model It was three months in the making, and involved torturous semantics in the expression of contrition, but Marsh & McLennan's settlement with
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Lohmann cites ‘long-standing client relationships’ on better than expected showing Converium appears to have survived the the worst of the 1/1 renewals, according to the reinsurer. In a conference call on 17 February, CEO Dirk Lohmann told analysts he
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