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March 2004/5
  • Allianz back in profit but fails to convince
    A turnaround from 2002’s record EUR1.2bn loss to a healthy net profit of EUR1.6bn for 2003 failed to convince the markets as German insurer Allianz admitted it still had some way to go in the struggle to reverse the fortunes of its ailing banking arm Dres
    23 March 2004
  • SVB grows with trade credit buy
    Lloyd’s insurer SVB announced today (22 March) that it has bought the business of trade credit insurer Credit Indemnity & Financial Services Ltd (CIFS).
    23 March 2004
  • Moody’s upgrades Lloyd’s forecasts
    Ratings agency Moody's has released its latest forecasts for Lloyd's, indicating that the market could record profits of around £6bn for the 2002 to 2004 years of account, with cumulative returns on capacity equalling profits recorded by Lloyd's between 1
    23 March 2004
  • Heritage to merge syndicates; Tweedie departs
    Lloyd’s insurer Heritage Managing Agency Ltd is planning to merge two of its syndicates into one, larger unit headed by veteran Lloyd’s underwriter Les Rock.
    23 March 2004
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