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There are 69,119 results that match your search.69,119 results
  • CNA announces third quarter net loss
    CNA Financial Corporation has reported a third quarter net loss of $155mn. The group's net loss in the current quarter is due primarily to an estimated loss of $304mn after-tax ($468mn pretax), net of reinsurance, from the 11 September attacks and related
    01 November 2001
  • Aon terrorism rider causes $100m PA loss
    According to market sources, Aon placed a business travel lineslip into the London market which, in addition to covering employees while on corporate travel, had a terrorism rider extending coverage to all employees victim of a terrorism attack. Aon origi
    01 November 2001
  • Carpenter leads Alleghany buy-out
    Michael Carpenter, the former Managing Director of Limit, has led a buy-out of struggling Lloyd's insurer Alleghany Underwriting Ltd, in a deal struck by former Equitas architect Heidi Hutter. The buy-out, which ends Alleghany Corporation's involvement wi
    01 November 2001
  • Slayden banned
    According to a Lloyd's regulatory bulletin, the former chairman of broker Bannerman Slayden Cater Ltd Vincent Slayden was found guilty in absentia of “two charges of discreditable conduct” by a Lloyd's disciplinary tribunal after “failing to serve a defen
    01 November 2001
  • WTC litigation mushrooms
    The gloves are off as WTC insurers argue the attacks were one event and Silverstein acts to prevent ACE and XL Capital from pursuing a London arbitration The anticipated frenzy of litigation took at step closer to reality after Silverstein, the leaseho
    01 November 2001
  • In the Limelight - The four competing guides and league tables of Lloyd's syndicates have recently been published
    Every summer, four competing publications produce what they claim are the definitive guides on Lloyd’s syndicates’ performances. These guides - produced by the Association of Lloyd’s members, in association with AM Best; Chatset; Thomson and Moody’s -
    01 October 2001
  • Reinsurance put to the test
    Pressure to reveal gross losses builds as fears over reinsurance failure take hold in the London market In Hemingway's “The Sun Also Rises” the following exchange takes place: “How did you go bankrupt?” Bill asked. “Two ways,” Mike said. “Gradually and
    01 October 2001
  • War Diary
    In the weeks that followed the USA attacks The Insurance Insider published a daily e-mail update of events and information as they unfolded - an edited version follows......
    01 October 2001
  • Inside Letters
    User Pays - Lloyd's responds Dear Sir, Thank you for the opportunity to respond to your article “User Pays Revisited” in the June issue of The Insurance Insider. I apologise for the delay in responding. However, this does enable me to set out MSU's 200
    01 October 2001
  • Lloyd's bolsters central fund
    Premium levy increase for 2002 designed to increase fund to $1bn, but Lloyd's deny link to possible syndicate failures Lloyd's has responded swiftly to its downgrade by AM Best to A-, by announcing that its increasing the premium levies on all syndicat
    01 October 2001
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