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July 2003/5
  • Marsh’s HLF talks slip
    Marsh has missed key deadlines in its acquisition talks with HLF Group Plc, leading to speculation that the world’s largest insurance broker may withdraw from the proposed £350mn takeover.
    28 July 2003
  • Swiss Re dealt S&P downgrade
    Giant European reinsurer Swiss Re was today (28 July) downgraded by rating agency Standard & Poor’s (S&P), lowering its financial strength and long-term counterparty credit ratings from AA+ to AA. The outlook remains stable.
    28 July 2003
  • Swiss Re provides limited PI cover to Equitable Life auditor Ernst & Young
    Ernst & Young, the big four accountant facing a £2.6bn claim from Equitable Life, has only limited professional indemnity protection from Swiss Re, one of the world’s largest reinsurance companies.
    28 July 2003
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