May 2005/6
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The head of Xchanging’s London market sector Clive Buesnel is to pioneer the rollout of the outsourcing firm in the US, The Insurance Insider can reveal.
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Matthew Fosh, the chief executive of Lloyd’s insurer SVB Holdings plc, described his company’s first quarter syndicate forecasts as “pleasingly uneventful” last week. The insurer – which continues to battle against a legacy of US professional indemnity
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Advent Capital (Holdings) plc will float later this week on the Alternative Investment Market (AIM) in an IPO that will value the Lloyd’s insurer at £77mn.
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Declining P&C insurance rates, the weak dollar and the impact of Spitzer were all blamed by South African financial services firm Alexander Forbes for a 5 percent decline in revenues in its international risk services unit.
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As predicted in the May edition of The Insurance Insider, UK broker Heath Lambert Group has undergone another capital restructuring less than two years after a debt-for-equity swap with its bankers.
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After multiple delays, under-fire insurer AIG has announced today that it has finally filed its 2004 Form 10-K with the Securities and Exchange Commission (SEC). The insurance giant, which was forced to restate its accounts in the wake of the SEC...
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Reinsurer Hannover Re confirmed last week that it had successfully completed its EUR500mn hybrid capital bond via its subsidiary Hannover Finance (Luxembourg) SA.
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Marsh Inc may be disposing of its wholesale units less than a year after it swooped for London based operation Prentis Donegan. Last week, following an MMC board meeting, the broking giant confirmed that it was “exploring strategic alternatives”...
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Ambitious Lloyd’s listed insurer Chaucer Holdings said it plans to double its current underwriting capacity by the time the next sector cycle peaks, as it reported a positive start to the year in its latest trading statement, released to the London Stock
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Former FirstCity professional indemnity executive Roddy Graham has joined Thompson Heath & Bond Ltd (THB), Insider Week understands.
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As the fall out from New York attorney general Eliot Spitzer’s investigations into insurance industry practices continues, Swiss based Zurich Financial Services (ZFS) admitted last week that a number of its international operations had used complex...
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The president and chief operating officer of US broker Hilb Rogal & Hobbs Co. (HRH) resigned last week (26 May) after evidence was uncovered of his involvement in illegal payments in exchange for steering accounts to insurers.
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